ProAmpac PG Intermediate LLC Rated 'B' On Acquisition By Private-Equity Sponsor; Outlook Stable

Pritzker Group Private Capital is acquiring ProAmpac Intermediate Inc., a provider of flexible and point-of-purchase packaging solutions. We are assigning our 'B' corporate credit rating to Cincinnati-based ProAmpac PG Intermediate LLC, the direct parent of flexible-packaging provider ProAmpac Intermediate Inc. The outlook is stable. We are assigning a 'B' issue-level and '3' recovery rating to the company's proposed first-lien facilities consisting of a $75 million revolving credit facility and $830 million first-lien term loan. In addition, we are assigning our 'CCC+' issue-level and '6' recovery rating to the company's proposed $215 million second-lien term loan. NEW YORK (S&P Global Ratings) Nov. 1, 2016--S&P Global Ratings today said it has assigned its 'B' corporate credit rating to Cincinnati-based ProAmpac PG Intermediate

...+ Pritzker Group Private Capital is acquiring ProAmpac Intermediate Inc., a provider of flexible and point-of-purchase packaging solutions. + We are assigning our 'B' corporate credit rating to Cincinnati-based ProAmpac PG Intermediate LLC, the direct parent of flexible-packaging provider ProAmpac Intermediate Inc. The outlook is stable. + We are assigning a 'B' issue-level and '3' recovery rating to the company's proposed first-lien facilities consisting of a $75 million revolving credit facility and $830 million first-lien term loan. + In addition, we are assigning our '###+' issue-level and '6' recovery rating to the company's proposed $215 million second-lien term loan. NEW YORK (S&P Global Ratings) Nov. 1, 2016--S&P Global Ratings today said it has assigned its 'B' corporate credit rating to Cincinnati-based ProAmpac PG Intermediate LLC, the direct parent of flexible-packaging provider ProAmpac Intermediate Inc. The outlook is stable. Simultaneously, we assigned a 'B' issue-level rating...

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