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. On Nov. 1, 2016, S&P Global Ratings assigned its 'B' corporate credit rating to Cincinnati-based ProAmpac PG Intermediate LLC, the direct parent of flexible-packaging provider
