Dayton Superior ups revolver to $95 million

By Sara Rosenberg

New York, July 7 - Dayton Superior Corp. increased the size of its senior secured revolving credit facility to $95 million from $80 million, effective July 2, according to a company news release. General Electric Capital Corp. and General Motors Acceptance Corp. provided the loan.

"The additional liquidity capacity under the credit facility provides us with the flexibility to pursue opportunities to enhance our business performance as they come available. At this time there are no immediate intentions to utilize any portion of the additional credit availability," said Stephen R. Morrey, president and chief executive officer, in the release.

Dayton Superior is a Dayton, Ohio, manufacturer and distributor of metal accessories and forms used in concrete construction and a manufacturer of metal accessories used in masonry construction.

© 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.