Investec provides £110m debt package to Sun's Paragon

The fresh debt comprises a blend of revolving and amortising term facilities. It will refinance the senior secured acquisition debt arranged at the time of Paragon's SBO earlier this year.

Sun bought a majority stake in British label maker Paragon from Equistone, LDC and the management team earlier this year. The deal valued Paragon, which has a turnover of more than £170m, at £150m.

Paragon is a Spalding-based producer of labels and packaging, founded in 1994.

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• Topics
• UK / Ireland
• Industrials
• Refinancing
• Investec
• Sun European Partners