Generac Power Systems sets Tuesday launch for new credit facility

By Sara Rosenberg

New York, Jan. 11 - Generac Power Systems Inc. has scheduled a bank meeting for 2 p.m. ET on Tuesday in Chicago to launch its proposed senior secured credit facility (Ba3/BB+), according to a market source.

J.P. Morgan Securities LLC and Goldman Sachs & Co. are the lead banks on the deal.

The facility includes a revolver, a term loan A and a term loan B, with sizes not yet available, the source said.

Proceeds will be used to refinance a revolver due in November 2012 and a term loan due in November 2013 as well as for other general corporate purposes.

Generac is a Waukesha, Wis.-based designer and manufacturer of generators and other engine-powered products.

© 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.