Pregis in Extension and Upsizing of First-Lien Revolving Credit Facility

Cleary Gottlieb represented Pregis, a portfolio company of Warburg Pincus, in the extension and upsizing of its existing first-lien revolving credit facility.

The extended and upsized first-lien revolving credit facility provides for revolving loans up to $215 million, with a maturity date for the extended tranche of August 1, 2026. Credit Suisse served as the first-lien administrative agent. The transaction closed on August 17, 2023.

Pregis is a leading manufacturer and provider of innovative packaging and protective products. The company offers solutions for a wide variety of consumer and industrial market segments, including food, beverage, health care, medical devices, agricultural, e-commerce, retail, automotive, furniture, electronics, construction, and military/aerospace.