Houston Wire & Cable gets $100 million amended and restated revolver

By Sara Rosenberg

New York, Oct. 5 - Houston Wire & Cable Co. closed on a $100 million five-year amended and restated revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Bank of America is the agent on the deal that was completed on Sept. 30.

Pricing on the revolver can range from Libor plus 125 basis points to 200 bps based on availability, and the commitment fee can range from 25 bps to 30 bps based on utilization. Initial pricing is Libor plus 175 bps with a 25 bps commitment fee.

Covenants include a fixed-charge coverage ratio.

Houston Wire & Cable is a Houston-based distributor of wire and cable products and a provider of related services.

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