Compression Polymers draws on existing loan for Santana purchase

By Sara Rosenberg

New York, April 28 - Compression Polymers Holdings Corp. used borrowing sunder its existing credit facility, along with $30 million of senior unsecured floating-rate notes, to fund its $34 million acquisition of Santana Holdings Corp., according to a company news release.

Compression Polymers is a Scranton, Pa.-based manufacturer of engineered building and industrial products. Santana is a fabricator of engineered building products.

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