Panolam sets Sept. 7 bank meeting for new credit facility launch

By Sara Rosenberg

New York, Aug. 17 - Panolam Industries Inc. is scheduled to hold a bank meeting on Sept. 7 to launch its proposed credit facility into syndication, according to a market source.

Credit Suisse First Boston and Jeffries are joint lead arrangers on the deal.

Proceeds will be used for acquisition financing.

No other details on the facility are available at this time, the source added.

Panolam is a Shelton, Conn., provider of decorative surfaces for commercial and residential interiors, store and store fixtures and furniture.

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