Lippert adds $300 million incremental loan, draws down on revolver

By Wendy Van Sickle

Columbus, Ohio, Dec. 19 – Lippert Components Inc. used borrowings under its revolving credit facility and added a new $300 million incremental term loan to fund its roughly $340 million acquisition of CURT Group, according to a news release on Thursday.

The company also used cash on hand to acquire the Eau Claire, Wis.-based manufacturer and distributor of branded towing products and truck accessories for the aftermarket.

Lippert, a wholly owned subsidiary of Elkhart, Ind.-based LCI Industries, is a supplier of highly engineered components for the original equipment manufacturers in the recreation and transportation product markets.

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