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Euramax credit facility launch date now labeled as 'to be determined'
By Sara Rosenberg
New York, May 24 - Timing on the launch of Euramax International Inc.'s proposed credit facility is now described as "to be determined" as compared to the previous expectation that the deal would be launching this week, according to a market source.
Goldman Sachs and Credit Suisse First Boston are joint bookrunners on the deal.
Proceeds will be used to help fund the leveraged buyout of Euramax by GSCP EMAX Acquisition LLC - a newly formed company organized by Goldman Sachs Capital Partners and management of Euramax -for a price of $1.038 billion less net debt and certain company transaction expenses.
Euramax is a Norcross, Ga., producer of aluminum, steel, vinyl and fiberglass products for original equipment manufacturers, distributors, contractors and home centers.
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