Deals this week: Crown European Holdings, Conner Industries, Sacmi

26 January 2018 (Last Updated January 25th, 2018 10:33)

Crown European Holdings has raised €500m ($611.81m) through an issue of international bonds.

Crown European Holdings has raised €500m ($611.81m) through an issue of international bonds.

Due February 2026, the bonds carry an interest rate of 2.875% a year.

Crown European Holdings is a France-based metal packaging products producer, marketer and designer.

Conner Industries has secured a $21m senior secured credit facility from Ares Commercial Finance, which includes an $18m revolving line of credit and a $3m real estate term loan.

The funding will enable Corner to expand its packaging and lumber business.

Conner Industries is a packaging solutions provider and lumber sourcing company, while Ares Commercial Finance is an asset management firm.

Both the companies involved in the transaction are based in the US.

“The funding will enable Corner to expand its packaging and lumber business.”

Packaging machinery manufacturer Sacmi has signed an agreement with stretch film winding technology provider Robopac to improve its end-of-line automation technology and logistics operations across its home, personal care, food and beverage segments.

Both the companies involved in the agreement are based in Italy.

Berry Global Group has announced a private placement of senior secure notes through its subsidiary Berry Global to raise $500m.

Due February  2026, the notes carry an annual interest rate of 4.5%.

The company has simultaneously announced the private placement of four second priority senior secured notes due 2026 to raise $400m.

The US-based plastic packaging products producer and distributor plans to use the proceeds towards the acquisition of Clopay Plastic Products Company or to repay debt.