Dayton Superior refinances via new loans due 2017, gets revolving line

By Susanna Moon

Chicago, July 30 - Dayton Superior Corp. said it refinanced its debt facilities with new loans due 2017, which requires no principal amortization, and obtained a new revolving line of credit from a syndicate of banks to fund its working capital needs.

Proceeds were used to repay term debt and will provide the company with more flexibility and liquidity to finance future expansions, according to a company press release.

"The successful refinancing is proof that even in these difficult times our financial partners have confidence in our team and our capability to successfully execute our growth strategy," Lutz Richter, vice president and chief financial officer, said in the release.

Dayton Superior is a Dayton, Ohio-based provider of specialized products consumed in nonresidential concrete construction and concrete. The company emerged from Chapter 11 bankruptcy protection on Oct. 26, 2009.

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