The speciality paper products maker has raised $270m including a $75m cash flow revolving credit facility and a $195m term loan.
Expera will use the proceeds to pay a $35m dividend to its shareholders, refinance debt and support its growth.
Expera CEO Russ Wanke said, “Our objective is to continue to consolidate the North American specialty paper industry.
“Our conservative capital structure and the financial support of our stockholders provide us with the resources to support our customers and further expand the Expera platform, both organically and through acquisitions.”
Earlier this year KPS bought Anchor Glass Container Corporation from Ardagh Holdings USA for an undisclosed sum.
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