Chartwell is pleased to announce that Paper Machinery Corporation has successfully completed a debt recapitalization. The transaction included a new senior credit facility provided by PNC, refinancing Paper Machinery Corporation’s (“PMC” or the “Company”) preexisting facility and delivering significant operating flexibility, enhanced cash flow management, and balance sheet agility to support the Company’s ongoing growth initiatives.
As a part of the debt recapitalization, the Company closed a sale leaseback transaction with Fundamental Income Partners, further optimizing its capital structure. JP Real Estate Partners provided additional real estate advisory services to PMC in connection with the transaction.
Chartwell acted as financial advisor to PMC, providing counsel to the board of directors and senior management throughout the process. Chartwell conducted a comprehensive review of financing alternatives, delivered in-depth analyses to ensure an optimal capital structure for the Company’s future, and negotiated favorable financing terms.
“We are very pleased with the outcome of this process and truly appreciate Chartwell’s partnership. Their team provided comprehensive analysis and thoughtful negotiation, helping the board carefully evaluate various financing alternatives and secure a flexible solution that aligns with PMC’s long-term goals. Chartwell’s expertise added real value at every stage, positioning PMC to continue investing in our growth, our people, and our future as an employee-owned company.”
– Scott Koehler, Board Member, Paper Machinery Corporation
About Paper Machinery Corporation
Founded in 1951 and headquartered in Milwaukee, Wisconsin, Paper Machinery Corporation is the global market leader in the design and manufacture of advanced forming machines for paperboard cups, containers, and custom packages. PMC serves a diverse range of end markets and is recognized for its engineering excellence, innovation, and customer service. The Company is 100% employee-owned through an Employee Stock Ownership Plan (ESOP).
Chartwell Contact
For additional information on this transaction, please contact Ryan Rassin or Matt Ewing.
To learn more about Chartwell’s corporate finance capabilities, connect with Greg Fresh.