Euramax Holdings to repay some term loan borrowings with IPO proceeds

By Sara Rosenberg

New York, July 22 - Euramax Holdings Inc. plans on repaying some of its first-lien term loan debt with proceeds from an initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission on Thursday.

As of April 2, there was $523.3 million of first-lien term loan borrowings.

Euramax is a Norcross, Ga.-based producer of metal and vinyl products sold to the residential repair and remodel, non-residential construction and recreational vehicle markets.

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