Kohlberg to use new facility to back purchase of AGY Holding

By Sara Rosenberg

New York, March 13 - Kohlberg & Co. LLC is planning to use a new credit facility to help fund the acquisition of AGY Holding Corp., a company spokesman told Prospect News on Monday.

Under the agreement, Kohlberg affiliates will acquire all of the outstanding shares of AGY for about $268 million in cash, and will assume about $15 million of additional outstanding obligations.

The closing, which is expected to occur on or about March 31, is subject to approval by the stockholders of AGY and certain other customary conditions.

AGY is an Aiken, S.C., producer of glass fiber yarns.

© 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.