Calderys to use new ABL revolver to help refinance existing debt

By Sara Rosenberg

New York, May 1 – Calderys Financing LLC plans to use borrowings under a new ABL revolving credit facility to help refinance its existing debt and to repay bridge capital and financing that were incurred in connection with the acquisitions and combination of Calderys and HWI by Platinum Equity, according to a market source.

Other funds for the transaction will come from $550 million of senior secured notes and cash on hand.

Calderys is a provider of consumable thermal protection products used in high temperature applications, flow and casting control additives and related complementary services.

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