Homax gets $130 million credit facility

By Sara Rosenberg

New York, Nov. 13 - Homax Group closed on a new $130 million senior secured credit facility, according to a news release.

GE Capital Markets acted as lead arranger and bookrunner on the deal.

The facility consists of a $15 million revolver, a $100 million term loan and a $15 million second-lien term loan.

Proceeds were used to refinance existing senior debt and will be available for future working capital needs and other general corporate purposes.

Homax is a Bellingham, Wash., supplier of branded, specialty-application products to the home-care and repair markets.

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