CHICAGO--(BUSINESS WIRE)--Coveris Holdings S.A. (the “Company”), a portfolio company of funds advised by Sun Capital Partners, Inc., announced today the recent closing of an extension of the maturity (the “Amend & Extend”) of its existing $938.4 million (equivalent) senior secured term loans (the “Term Loan”) to June 2022 and certain other amendments to the credit agreement documenting the Term Loan.
“We are pleased with the successful completion of our term loan extension,” said Mike Alger, Chief Financial Officer. “We continue to demonstrate financial strength by improving the Company’s capital structure so we can focus on improving our business and supporting our customers, vendors and employees.”
As a leading international manufacturing company, Coveris is dedicated to providing solutions that enhance the safety, quality and convenience of products we use every day. In partnership with the most respected brands in the world, Coveris develops vital products that protect everything from the food we eat, to medical supplies, to the touch screen device in our pockets, contributing to the lives of millions every day. Coveris is an affiliated portfolio company of Sun Capital Partners, Inc.