Federal Signal plans $315 million credit facility for refinancing

By Sara Rosenberg

New York, Jan. 11 - Federal Signal Corp. is planning a new $315 million credit facility, according to a news release.

The facility consists of a $215 million term loan and a $100 million senior secured asset-based facility.

Proceeds will be used to repay borrowings under the company's existing secured credit facility and outstanding debt under its private placement notes.

Closing is expected before the end of the first quarter.

Federal Signal is an Oak Brook, Ill.-based provider of environmental, safety and transportation services.

© 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.