TD Bank‘s Asset Based Lending Group provided $23m in financing to Atlas Paper Holdings, a Miami, Fl.-based manufacturer of tissue products, utilizing both virgin and recycled fiber.
The credit facility will also finance the debt recapitalization of the company.
Paper Holdings supplies private label and branded bath tissue, facial tissue and towels, along with cocktail, dinner and dispenser napkins to a diversified mix of customers in the away-from-home and value retail channels. Peak Rock Capital, an Austin, Texas-based private equity firm, acquired Atlas Paper Mills, LLC in May 2013, and Atlas Southeast Papers, Inc. in September 2014. The two businesses were subsequently combined into Atlas Paper Holdings.
Moelis Capital Partners served as an advisor on the deal.
FinSMEs
14/07/2015