Unifrax launches $135 million credit facility

By Sara Rosenberg

New York, July 22 - Unifrax Corp. launched a $135 million credit facility on Tuesday, according to market sources. Wachovia is the lead bank on the deal.

The facility consists of a $100 million term loan B and a $35 million revolver, sources said.

Proceeds will be used to help fund the leveraged buyout of Unifrax by American Securities Partners LP.

Unifrax is a Niagara Falls, N.Y. producer of high temperature insulation products.

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