Recapitalization of Klockner Pentaplast Is Complete

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The Strategic Value Partners, LLC made public today that the Klockner Pentaplast's holding company, which was purchased in June 2012 through recapitalization by assembly of investors headed by SVP Global, has concluded a refinancing transaction. Klockner was able to secure EUR225 million or US$294 million and the proceeds will be allotted to partly recapitalize the present Preferred Equity Certificates that was released as part of 2012's refinancing that may result in good revenue.

SVP Global Founder and Chief Investment Officer Victor Khosla said: "We are delighted with the performance of kp and to be partners with such a strong management team. This re-financing allows for the return of significant capital to investors in less than one year, while leaving the Company well positioned to deliver on its strong prospects both in its current markets and as it expands into newer emerging markets in Asia and South America."

The Chief Executive Officer of Klockner Pentaplast, Christian Holtmann commented: "We are pleased that the strong operational performance of kp has enabled this successful re-financing to occur. We look forward to continuing to work closely with our board and SVP Global and delivering our group strategy of 'Grow the core, extend the reach, expand the breadth."

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