A.M. Castle gets $200 million amended and restated credit facility

By Sara Rosenberg

New York, Sept. 8 - A.M. Castle & Co. closed on a $200 million amended and restated credit facility due 2011, according to an 8-K filed with the Securities and Exchange Commission Friday.

Bank of America acted as lead arranger, bookrunner and administrative agent, JPMorgan acted as syndication and LaSalle Business Credit acted as documentation agent.

The facility, which was completed on Sept. 5, consists of a $170 million revolver and a $30 million term loan, with both tranches initially priced at Libor plus 175 basis points.

In addition, the company got a C$11.112 million amended and restated revolver due 2011 for its Canadian subsidiary.

Proceeds from the term loan were used to fund the acquisition of Transtar Intermediate Holdings #2, Inc.

A.M. Castle is a Franklin Park, Ill.-based distributor of highly engineered metals and metal alloys to a broad range of industrial manufacturers.

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