Wire Rope shops $210 million credit facility

By Sara Rosenberg

New York, June 1 - Wire Rope Corp. of America Inc. is in-market with a $210 million credit facility (B-), according to a market source.

JPMorgan is the lead bank on the deal.

The facility consists of a $165 million term loan and a $45 million revolving credit facility, the source said.

Proceeds will be used to help fund the acquisitions of Aceros Camesa SA de CV and Camesa Inc., to pay a dividend to equity sponsor KPS Special Situations Fund II LP and to refinance existing debt.

Wire Rope Corp. of America is a St. Joseph, Mo., manufacturer, engineer and distributor of wire rope.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.