Latham Advises on Private Credit Financing for ProAmpac’s Completed Acquisition of TC Transcontinental Packaging

ProAmpac, a global innovator in flexible packaging and material science, has announced the completion of its acquisition of TC Transcontinental Packaging (TCP) from TC Transcontinental (TSX: TCL.A TCL.B), a North American flexible packaging solutions provider. This acquisition achieves a pivotal milestone in ProAmpac’s long-term growth strategy, uniting TCP’s advanced capabilities and global manufacturing footprint with ProAmpac’s leadership in sustainability, speed to market, and material science to address customers’ evolving packaging needs.

Latham & Watkins LLP represented the private credit financing sources in the transaction with a team led by Stelios Saffos and Peter Sluka, Global Chairs of Latham’s Hybrid Capital Practice, and partners Michele Penzer, Brandon Anderson, and Sal Vanchieri and counsel Joseph Sung, with associates Elina Stavropoulou, Jackie Stern, Andrew Angel, and Samantha Rudd. Advice was also provided on tax matters by partners Eric Kamerman and Bora Bozkurt, with associate Michael Yu; on executive compensation, employment, and benefits matters by partner Ben Rosemergy, with associate Kevin Matheny; on securitization matters by partner Loren Finegold; and on real estate matters by counsel Jeffrey Anderson.