PAG Lines Up $375 Million Loan for Firm’s Largest India Buyout

PAG, one of Asia’s biggest alternative asset managers, has lined up a $375 million buyout loan with four banks for its planned acquisition of India’s largest rigid plastic packaging provider, according to people familiar with the matter.

Barclays Plc, DBS Group Holdings Ltd., Goldman Sachs Group Inc. and Standard Chartered Plc are underwriting the five-year loan for Manjushree Technopack Ltd.’s buyout, the people said, who asked not to be identified as the matter is private. The financing will be syndicated to the broader market later, the people added.

PAG will acquire the target from Advent International LP for ...