Metaldyne plans $200 million in new bank debt to refinance revolver

By Sara Rosenberg

New York, July 14 - Metaldyne Corp. is looking to get $200 million in new five-year bank debt divided into a revolver and synthetic revolver/letter-of-credit facility, with tranche sizes still to be determined, according to an 8-K filed with the Securities and Exchange Commission Friday.

Proceeds will be used to refinance the $200 million revolving credit facility tranche under the company's existing $575 million senior secured credit facility.

Metaldyne is a Plymouth, Mich., designer and supplier of metal-based components, assemblies and modules for transportation-related powertrain and chassis applications.

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