Primus International's details on $120 million credit facility surface

By Sara Rosenberg

New York, May 19 - Structure on Primus International's proposed credit facility emerged on Friday, with the deal consisting of a $100 million term loan and a $20 million revolver, according to a market source.

Proceeds from the $120 million credit facility will be used to help fund Oak Hill Capital Partners' leveraged buyout of the company.

CIBC is the lead bank on the deal that was launched with a bank meeting on Thursday.

Primus is a Seattle-based supplier of structural components and assemblies to the commercial and military aerospace industry.

© 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.