The Integrated Packaging Group (unlisted and unrated) is Australia's largest specialist manufacturer and distributor of stretch film wrap (and associated products) servicing the agricultural and industrial markets. They have announced that they are seeking to raise up to A$40 million through a new 4-year fixed rate unsecured bond which is again through FIIG Securities as the sole arranger. The forthcoming 4-year issue is to have a coupon rate of 7.30% and is expected to price over the coming days, subject to demand and market conditions.
See the Preliminary Information Memorandum attached below.
Integrated Packaging Group Pty Ltd (IPG) is majority owned by Australian private equity investment firm, Advent Private Capital. From an operating perspective it is the third-largest flexible manufacturing business in Australia and New Zealand, focused on industrial and agricultural packaging. It is a market leader in industrial and plain films in flexible packaging, particularly shrink film, stretch film, pallet wrap film and agricultural film products. It also distributes a full range of pallet wrapping machines and associated equipment.
