$9.5 million Long-Term Subordinated Debt

(“Mezzanine”) Closing

L. R. Nathan Associates secured the $9.5 million long-term subordinated component of a total
$39 million multi-tranche financing on behalf of a niche packaging/printing client.  The winning deal was selected from among three competing mezzanine proposals that we were able to generate.  The transaction was referred to us by a national commercial bank that earned the $25 million senior debt component of the new relationship.

The client company is a well-established business engaged in specialized packaging for major brand name consumer products manufacturers.  The company also is the leading printer and data manager of menus for national restaurant chains.  The objectives of the transaction were to repay costly maturing debt, as well as to fund future growth initiatives and to buy out certain minority shareholders – all of which were achieved with this multi-layered financing package, of which the mezzanine loan was a key component.