Myers Industries enters into new $200 million five-year revolver

By Angela McDaniels

Tacoma, Wash., Dec. 16 - Myers Industries, Inc. entered into a $200 million five-year senior secured revolving credit facility on Friday, according to a company news release.

The revolver was jointly arranged by J.P. Morgan Securities LLC and U.S. Bank NA. JPMorgan Chase Bank, NA acted as administrative agent.

The revolver replaces the company's previous senior credit facility that was scheduled to expire in November 2015.

Myers Industries is an Akron, Ohio-based manufacturer of polymer products and a wholesale distributor of tools, equipment, and supplies for the tire, wheel and undervehicle service industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.