Dayton extends term on $150 million revolver, $100 million term loan

By Susanna Moon

Chicago, April 9 - Dayton Superior Corp. said it amended its $150 million revolving credit facility and $100 million term loan to extend the maturities to April 20.

Under the amendments, the date by which the company must provide a letter of intent or definitive term sheet for the acquisition of the company was also extended to April 20.

The company said it continues to evaluate possible strategic alternatives, including a sale of the company or controlling interest in the company, and to consider options to refinance or restructure the company's debt. The credit agreement amendments will provide the company with additional time to evaluate its alternatives.

Dayton Superior said it can provide no assurance that it will sell the company, restructure its debt or that it can negotiate further amendments to its senior credit facilities.

Dayton Superior is a Dayton, Ohio-based provider of specialized products consumed in nonresidential concrete construction and a concrete forming.

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