Veritiv Buyout Debt Package Sold After Last-Minute Tweaks
11/21/2023 13:10
Veritiv Corp. sold $1.3 billion of debt to support Clayton Dubilier & Rice’s leveraged buyout of the packaging supplier on Friday after tweaking some elements of the package to complete the deal.
Veritiv Corp. sold $1.3 billion of debt to support Clayton Dubilier & Rice’s leveraged buyout of the packaging supplier on Friday after tweaking some elements of the package to complete the deal.
The company reduced the term loan portion by $100 million to $600 million, according to people with knowledge of the matter, while the bond part was boosted by the same amount to $700 million.