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C.H.I. Overhead Doors to launch $203.5 million facility on Wednesday
By Sara Rosenberg
New York, July 25 - C.H.I. Overhead Doors is scheduled to hold a bank meeting on Wednesday to launch a proposed $203.5 million credit facility, according to a market source.
GE Capital Markets and Wells Fargo Securities LLC are the lead banks on the deal.
The facility consists of a $25 million five-year revolver, a $127.5 million six-year first-lien term loan and a $51 million 61/2-year second-lien term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Friedman Fleischer & Lowe from JLL Partners.
C.H.I. Overhead Doors is a garage door company and a manufacturer of residential sectional garage doors, as well as commercial sectional and rolling steel.
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