Rexnord to draw on existing facility for GA purchase

By Sara Rosenberg

New York, Dec. 21 - Rexnord LLC plans to use borrowings under its existing credit facility to fund the acquisition of GA Industries, Inc. for $76 million, according to a news release.

The acquisition is expected to close in the first calendar quarter of 2008.

Rexnord is a Milwaukee, Wis.-based diversified multi-platform industrial company comprised of two key platforms, power transmission and water management.

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