Nortek borrows from lending facility to finance Anthro acquisition

By Toni Weeks

San Luis Obispo, Calif., Jan. 21 – Nortek, Inc. said it used borrowings from its existing asset-based lending facility to fund subsidiary Ergotron, Inc.’s acquisition of Anthro Corp., according to an 8-K filing with the Securities and Exchange Commission.

Nortek also used cash on hand to finance the Jan. 21 transaction.

The company is a Providence, R.I.-based manufacturer of air management and technology-driven products and solutions for residential and commercial applications.

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