Greif $1.8 billion acquisition of Caraustar Industries

20/12/2018
High-yield bond/note issue

$ 1.8 billion

Announced

20/12/2018


Overview:

  • Industrial packaging manufacturer Greif has acquired paperboard manufacturer Caraustar Industries in a $1.8 billion deal. 
  • Caraustar was sold by Florida-based private equity firm HIG Capital. 
  • Goldman Sachs acted as exclusive financial adviser for Greif on the acquisition. 
  • Rothschild & Co and Credit Suisse served as financial advisers for Caraustar. 
  • Greif made a $500 million high-yield notes offering to help finance the acquisition. 
  • The initial purchasers on the high-yield offering were led by Wells Fargo Securities, Goldman Sachs, JP Morgan Securities and BofA Merrill Lynch. 
  • Greif also obtained a $2.75 billion credit facility to finance the transaction. 

Kurt Stumpo - US Editor

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