Electrical Components allocates $100 million fixed-rate term loan

By Sara Rosenberg

New York, April 22 – Electrical Components International Inc. (Energy Acquisition LP) allocated on Thursday a $100 million fixed-rate term loan B due June 26, 2025 that is priced at 7.5%, according to a market source.

The term loan has hard call protection of 102 in year one and 101 in year two.

Barclays is the lead arranger and agent on the deal.

Closing is expected during the week of May 14.

Electrical Components is a St. Louis-based manufacturer of wire harnesses, control boxes and value-added assembly services for consumer appliance and specialty-industrial applications.

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