Building Materials gets $450 million amended and restated revolver

By Sara Rosenberg

New York, Oct. 4 - Building Materials Corp. of America closed on a $450 million amended and restated senior secured revolving credit facility due Sept. 28, 2011, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

Citicorp is the administrative agent on the deal, which was completed on Sept. 28, and Deutsche Bank is the syndication agent.

There is a $200 million accordion feature.

Under the revolver, the company is subject only to an interest coverage ratio financial covenant when liquidity falls below a specified threshold.

Building Materials is a Wayne, N.J.-based roofing products company.

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