Affinia Group plans new $340 million asset-based revolver

By Sara Rosenberg

New York, Sept. 10 - Affinia Group Inc. plans on getting a new $340 million senior secured asset-based revolving credit facility, according to a news release.

Proceeds from the revolver, along with a proposed $200 million senior secured notes offering, will be used to repay all amounts outstanding under its existing senior secured credit facility and to finance the acquisition of HBM Investment Ltd.

Affinia is an Ann Arbor, Mich.-based designer, manufacturer and distributor of aftermarket vehicular components.

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