C.H.I. Overhead Doors to get $100 million facility via GE Capital

By Sara Rosenberg

New York, April 21 - C.H.I. Overhead Doors is expected to close on a new $100 million credit facility sometime this week, according to a market source.

GE Capital is the lead bank on the deal.

The facility consists of a $15 million revolver and an $85 million term loan, with both tranches priced at Libor plus 550 basis points with a 2% Libor floor and an original issue discount of 98, the source said.

Proceeds will be used to refinance existing debt.

C.H.I. Overhead Doors is a manufacturer of residential sectional garage doors, as well as commercial sectional and rolling steel.

© 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.