PTVE - Pactiv Evergreen Inc. Successfully Reprices and Upsizes Term Loan | Benzinga
LAKE FOREST, Ill., May 29, 2024 (GLOBE NEWSWIRE) -- Pactiv Evergreen Inc. (NASDAQ:PTVE) ("Pactiv Evergreen" or the "Company") today announced that the Company successfully completed the repricing and upsizing of its $990 million senior secured Term Loan B due September 24, 2028 (the "B-4 Term Loans") and the subsequent prepayment of its $690 million senior secured Term Loan B due February 4, 2026 (the "B-2 Term Loans").
This transaction reduced the interest rate margin applicable to the B-4 Term Loans by 75 basis points, from 3.25% to 2.50%, and removed the 11 basis point credit spread adjustment ...