Private credit funds are reportedly working on plans to provide the funds to finance a sale of Trivium Packaging.

Bloomberg claim that the private credit funds could provide as much as $2.5billion to finance the sale.

In January, Bloomberg first reported that shareholders Ardgah Group was working with Ontario Teachers’ Pension Plan Board on the possible auction of Trivium.

It has been claimed that the packaging company could fetch more than $3.5billion.

Trivium Packaging is a global supplier of infinitely recyclable, metal packaging for the world’s leading brands. 

Trivium has more than 60 locations worldwide and employs close to 7,500 people with sales of $3.3bn

In 2019, Ardagh announced that it had entered into an agreement to combine its Food & Specialty Metal Packaging business with the business of Exal Corporation, who are controlled by Ontario Teachers to form Trivium Packaging.