Audax gets $90.5 million facility for acquisition of A&A

By Jennifer Chiou

New York, April 9 - Audax Group announced that it closed on a $90.5 million senior secured and senior subordinated credit facility for its acquisition of A&A Manufacturing Co., Inc.

GE Capital Markets was the lead arranger and bookrunner. GE Antares was the administrative agent.

The credit facility consists of a revolving credit facility, a term loan and an acquisition facility.

Remaining proceeds will go toward working capital needs.

Based in New Berlin, Wis., A&A is a designer and manufacturer of customized protective systems used to safeguard components, people and equipment in motion.

Audax is an investor in middle market companies and has offices in Boston and New York.

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