Fasteners For Retail gets $153 million credit facility

By Sara Rosenberg

New York, Nov. 16 - Fasteners For Retail Inc. closed on a new $153 million senior secured credit facility, according to a news release.

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

The facility consists of a $15 million revolver and a $138 million term loan.

Proceeds are being used to refinance existing senior and subordinated indebtedness as well as to fund ongoing working capital needs and other general corporate purposes.

Fasteners For Retail is a Solon, Ohio-based supplier of high-impact merchandising systems and accessories used in a wide variety of in-store point of purchase applications.

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