We advised an ad hoc group of term lenders in connection with the transaction

Davis Polk advised an ad hoc group of term lenders in connection with an amendment to Pretium Packaging, LLC’s existing first-lien term loan credit agreement. In connection with the transaction, consenting first-lien term lenders provided new first-out term loans and sold existing term loans in exchange for new second-out term loans.

Pretium Packaging is a leading full-service designer and manufacturer of rigid packaging solutions for specialized applications with small to mid-sized production volumes. Pretium Packaging is managed directly or indirectly by Clearlake Capital Group, L.P. and its affiliates.

The Davis Polk restructuring and finance team included partners Damian S. Schaible, David Schiff and Christian Fischer and associates Esam Ibrahim, Jarret Erickson, Carly (Yoona) Cha and Motty Rivkin. The tax team included partner Corey M. Goodman. All members of the Davis Polk team are based in the New York office.

Copy link to share post