JPMorgan is acting as administrative agent on SWM’s amended credit agreement, which provides the company with a new $350 million term loan facility. JPMorgan, BofA Securities, Barclays Bank and Truist Securities are acting as joint bookrunners and joint lead arrangers.
SWM will use the proceeds from the new term loan, together with up to $325 million under its existing revolving credit facility, to finance acquisition costs related to the proposed offer to acquire Scapa Group.
SWM is a global performance materials company.
