AmeriTex Holdings closes new $105 million credit facility

By Wendy Van Sickle

Columbus, Ohio, May 20 – AmeriTex Holdings LLC closed a $105 million senior credit facility with MUFG Union Bank, US Bank and Banc of California, according to a news release.

Loan proceeds will be used along with proceeds of $25 million of subordinated notes with Prudential Capital Partners, LP to refinance the company’s $42 million from its existing lender and provide growth capital to, among other things, enter the Dallas market.

Seguin, Texas-based AmeriTex is a supplier of reinforced concrete pipe and box culvert for storm drain installations by utility and highway contractors.

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