PE-backed LiquiBox inks $605m credit facility

Liqui-Box, which is backed by Olympus Partners, has secured a $605 million credit facility.

Liqui-Box, which is backed by Olympus Partners, has secured a $605 million credit facility. MidCap Financial was a joint lead arranger and joint bookrunner on the financing. Proceeds of the transaction will back Liqui-Box’s acquisition of DS Smith Plastics and refinance debt. MidCap Financial is managed by Apollo Capital Management.

PRESS RELEASE

Liqui-Box closes $605M senior secured credit for M&A, refinancing

MidCap Financial was a joint lead arranger and joint bookrunner on the $605 million senior secured credit facility for Liqui-Box Holdings. Proceeds of the deal back the acquisition of DS Smith Plastics and refinance debt. Additional details of the financing were not available.
Liqui-Box, a portfolio company of Olympus Partners, in February completed its acquisition of DS Smith’s plastics division, which includes both rigid and flexible packaging businesses. The combined companies will have 35 manufacturing facilities and a global workforce of nearly 3,000 employees.

MidCap Financial, in alliance with its investment manager Apollo Capital Management, is a middle market–focused finance firm that provides debt instruments of $10–750 million to companies across all industries.