GE Capital Markets served as sole lead arranger and sole bookrunner. The transaction was fully syndicated and oversubscribed.
Headquartered in San Lorenzo, CA, Tharco is the United States’ premier independent manufacturer and distributor of a broad range of value-added corrugated, foam and plastic packaging solutions for a variety of customers and end markets. The Company serves as a single-source for all of its customers’ protective packaging needs, including, among other products and services, offering the most comprehensive stock box inventory in the industry with over 1,600 SKUs. Tharco maintains plants and distribution centers in 11 locations.
“Tricor and Management have done an exceptional job of building Tharco into a leader in the stock box and custom packaging industry. GE Antares was pleased to underwrite a capital structure that provides the company with acquisition flexibility to further build out its geographic footprint,” said John Goodwin, Senior Vice President of GE Antares.
Brad Seaman, Managing Director of Tricor said, “In a difficult financing market, the GE Antares team delivered a capital structure that fully addressed our financing needs. The financing package also provided acquisition flexibility to support our long-term growth plan. We were quite pleased with the execution by the GE team, and look forward to working with them again.” -GE news
