TriMas readies launch of $650 million credit facility for Wednesday

By Sara Rosenberg

New York, Sept. 13 - TriMas Corp. is scheduled to hold a bank meeting at 9 a.m. ET on Wednesday in New York to launch a proposed $650 million credit facility, according to a market source.

J.P. Morgan Securities LLC is the lead bank on the deal.

The facility consists of a $250 million five-year revolver, a $150 million five-year term loan A and a $250 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing debt and for general corporate purposes.

TriMas is a Bloomfield Hills, Mich.-based designer, manufacturer and distributor of engineered products for commercial, industrial and consumer end markets.

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