(Bloomberg) -- Apax Partners-backed Tosca Services LLC is holding discussions with some creditors for a new loan that would give the company a cash boost...
-- Apax Partners-backed Tosca Services LLC is holding discussions with some creditors for a new loan that would give the company a cash boost, according to people familiar with the matter.The proposal would also allow the Atlanta-based maker of plastic crates and other reusable containers the option to pay a portion of its interest in kind over a limited period, said some of the people, who asked not to be identified discussing a private matter.
Tosca’s $606 million term loan that comes due in 2027 is quoted at around 87 cents on the dollar, according to data compiled by Bloomberg. WWE's biggest event of the summer, SummerSlam, is taking place Saturday night at Cleveland Browns Stadium in Cleveland, Ohio. The card features seven matches, six of which are for championships.
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