Airpax gets $98 million credit facility

By Sara Rosenberg

New York, July 12 - Airpax Corp. LLC closed on a new $98 million senior credit facility, according to a company news release.

GE Capital Markets acted as the lead arranger on the deal.

The facility consists of an $83 million term loan and a $15 million revolver.

Proceeds were used to help fund Airpax's acquisition of Dimensions Unlimited, LP.

Airpax is a Frederick, Md.-based manufacturer of customized hydraulic magnetic circuit breakers and select thermostats and temperature sensors.

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