Hudson Products seeks $120 million credit facility

By Sara Rosenberg

New York, Nov. 16 - Hudson Products is in market with a $120 million credit facility, according to a market source.

BNP Paribas is the lead bank on the deal.

The facility, which launched earlier this week, consists of a $25 million revolver and a $95 million term loan, with both tranches talked at Libor plus 325 basis points, the source said.

Proceeds will be used to help fund Sterling Group's acquisition of Hudson.

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