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Tekni-Plex Enters into $100 Million Term Loan Facility
- Client News
- May 1, 2013
Paul, Weiss client Tekni-Plex, Inc., a portfolio company of Oaktree Capital Management, L.P., entered into a $100 million term loan facility as part of a refinancing transaction to redeem a portion of the $485 million senior secured notes previously issued by Tekni-Plex, Inc. on May 24, 2012 at an interest rate of 9.75%. Financing for the transaction was provided by a syndicate of banks and institutional investors, with Bank of America, N.A. acting as administrative agent.
The Paul, Weiss team included, among others, corporate partners Eric Goodison and Raphael M. Russo; environmental counsel William J. O'Brien; intellectual property counsel Claudine Meredith-Goujon; real estate partner Peter E. Fisch; and tax partner Richard J. Bronstein.