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Prospect News home > News index > List of issuers G > Headlines for Gibraltar Industries, Inc. > News item
Published on 11/14/2005 in the Prospect News Bank Loan Daily.

Gibraltar Industries to get $200 million-plus credit facility via KeyBank

By Paul A. Harris and Sara Rosenberg

New York, Nov. 14 - Gibraltar Industries Inc. plans to obtain a new $200 million-plus credit facility via lead arranger KeyBank, Kenneth P. Houseknecht, the company's vice president of investor relations, told Prospect News on Monday.

The company also plans to issue $200 million of senior subordinated notes.

Proceeds will be used to repay a $300 million term loan drawn down by the company for the purpose of acquiring Alabama Metal Industries Corp.

Gibraltar is a Buffalo, N.Y., steel products and services company.


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