Trex draws $25 million from revolver to fund redemption of 6% notes

By Ashley Montgomery

Kansas City, Kan., July 2 - Trex Co., Inc. said it borrowed $25 million from its revolving credit facility to fund the redemption of its 6% convertible senior subordinated notes.

The company said it redeemed the remaining $91.9 million of the notes, which matured Monday.

Funds for the redemption also came from cash on hand.

Trex is a Winchester, Va.-based maker of wood-alternative decking, railing and fencing products.

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