Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Fairmount Santrol Holdings Inc. > News item |
Former Fairmount Santrol repays term loan, asset-based revolver
By Marisa Wong
Morgantown, W.Va., June 6 – Fairmount Santrol Holdings Inc. repaid on June 1 about $705.9 million of borrowings, including accrued interest, under its senior secured term loan agreement dated Nov. 1, 2017 with Barclays as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.
The company also repaid $35.1 million of borrowings, including accrued interest, under its five-year asset-based revolving credit facility dated Nov. 1, 2017 with PNC Capital Markets LLC as administrative agent.
The senior secured term loan and asset-backed revolver were terminated in connection with the repayment.
Fairmount Santrol is now known as Bison Merger Sub I, LLC and became a wholly owned subsidiary of Covia Holdings Corp., formerly Unimin Corp., as a result of a merger that closed on June 1.
The company is a Chesterland, Ohio, provider of high-performance sand and sand-based products used by oil and gas exploration and production companies to enhance the productivity of their wells.
© 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.