CHI Overhead Doors $145 million credit facility to launch Tuesday

By Sara Rosenberg

New York, Oct. 4 - CHI Overhead Doors Inc. is scheduled to hold a bank meeting Tuesday for a proposed $145 million senior credit facility, according to a market source.

UBS is the lead bank on the deal.

The facility consists of a $20 million revolving credit facility talked at Libor plus 300 basis points, a $95 million first-lien term loan talked at Libor plus 350 basis points and a $30 million second-lien term loan talked at Libor plus 800 basis points, the source said.

Proceeds will be used to help fund JLL Partners' leveraged buyout of the overhead garage door manufacturing company.

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