Day International gets new $126.5 million term loan D

By Sara Rosenberg

New York, June 7 - Day International Group Inc. closed on a new $126.5 million term loan D that was used to refinance the company's existing term loan B and term loan C. Lehman Commercial Paper Inc. is the administrative agent on the deal.

The term loan D carries an interest rate of Libor plus 350 basis points, 100 basis points lower than the interest rate on the term loans B and C, according to an 8-K filed with the Securities and Exchange Commission on Monday.

All other terms under the new loan are identical to the terms under the refinanced loans.

The term loan D matures in 22 consecutive quarterly installments, starting on June 30. Principal payments are $318,000 per installment for installments one through 18 and $30.188 million per installment 19 through 22, the filing added.

Day International is a Dayton, Ohio, producer and distributor of consumable products for the offset printing and textile industries.

© 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.