ESAB replaces 364-day loan with $600 million term loan A due 2025

By Marisa Wong

Los Angeles, June 28 – ESAB Corp. entered into a second amendment on June 28 to its credit agreement dated April 4 with Bank of America, NA as administrative agent to provide for a $600 million senior term loan A facility, according to an 8-K filing with the Securities and Exchange Commission.

The new term loan matures April 3, 2025, replacing the company’s existing $600 million 364-day senior term loan facility under the credit agreement.

Proceeds were used to refinance the 364-day facility and to pay associated fees and expenses. The company’s total borrowing capacity under the credit agreement remains unchanged.

The welding equipment company is based in North Bethesda, Md.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.