Mark IV Industries to launch new facility in U.S. first week of May

By Sara Rosenberg

New York, April 23 - Mark IV Industries Inc. is scheduled to hold a bank meeting in Europe next week and a bank meeting in the United States during the first week of May for a new credit facility, according to a market source. JP Morgan and Bear Stearns are the lead banks on the deal, with JP Morgan listed on the left.

Details on pricing and structure are still to come, the source added.

Proceeds from the new credit facility will be used to refinance existing debt.

Mark IV is an Amherst, N.Y., supplier to the industrial/distribution and automotive original equipment manufacturer markets.

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