Unifrax to launch $1.33 billion credit facilities during Oct. 15 week

By Sara Rosenberg

New York, Oct. 12 – Unifrax will hold a lenders’ presentation at 11 a.m. ET in New York on Tuesday and a lenders’ presentation in London on Wednesday to launch $1,325,000,000 equivalent of senior secured credit facilities, according to a market source.

Morgan Stanley Senior Funding Inc., Credit Suisse Securities (USA) LLC, UBS Investment Bank, RBC Capital Markets and Stifel, Nicolaus & Co. are the leads on the deal.

The facilities consist of a $125 million revolver, a $550 million first-lien term loan, a $350 million equivalent euro first-lien term loan and a $300 million second-lien term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Clearlake Capital Group LP from American Securities LLC.

Unifrax is a Tonawanda, N.Y.-based supplier of high-performance specialty fibers and inorganic materials used in emission control, thermal management, filtration, battery and fire protection applications.

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