TriMas seeks loan amendment to extend revolver, term loan maturities

By Sara Rosenberg

New York, Dec. 1 - TriMas Corp. is looking to amend its credit facility to extend the revolving credit facility maturity to December 2013 from August 2011 and the $252 million term loan maturity to December 2015 from June 2013, according to a news release.

Extended bank debt is expected to be priced higher than the current loan pricing.

"The financial markets have presented TriMas with the opportunity to consider refinancing our bank debt with terms that we believe are very good for TriMas' capital structure and the future of the company," said Dave Wathen, president and chief executive officer, in the release.

TriMas is a Bloomfield Hills, Mich.-based provider of engineered and applied products.

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