Antares Capital is serving as administrative agent and lead left joint lead arranger on a $100 million first lien senior secured credit facility to support the acquisition of Paragon Films by Wind Point Partners.
“We knew we could depend on Antares to deliver the speed of approval and execution required on this transaction,” said Alex Washington, managing director for Wind Point Partners. “The team was diligent and flexible throughout the process.”
“Our team is pleased to support Wind Point on their investment in Paragon, a company that has built a reputation as a clear leader in value-added films by developing products with industry leading performance, value, quality and consistency,” said Michael Hynes, managing director for Antares. “Paragon’s innovative spirit in combination with Wind Point’s extensive plastics manufacturing expertise is a powerful partnership.”
Broken Arrow, OK-based Paragon Films manufactures stretch film, primarily selling into the pallet utilization market.
Wind Point Partners is a private equity investment firm.