Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Custom Building Products Inc. > News item |
Custom Building Products to launch $345 million facility on Friday
By Sara Rosenberg
New York, Nov. 28 - Custom Building Products is set to hold a bank meeting on Friday to launch a proposed $345 million credit facility, according to a market source.
Bank of America Merrill Lynch and RBC Capital Markets LLC are the lead banks on the deal.
The facility consists of a $30 million five-year revolver and a $315 million seven-year term loan B, the source said.
The term loan B has 101 soft call protection for one year.
Proceeds will be used to refinance existing debt and fund a dividend.
Custom Building Products is a Seal Beach, Calif., provider of installation solutions for tile and stone.
© 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.