Xerium Technologies to pay down loan with proceeds of new notes

By Susanna Moon

Chicago, July 19 – Xerium Technologies, Inc. plans to pay down its term loan credit facility and to redeem its 8 7/8% senior notes due 2018 using proceeds of a new notes offering.

Xerium plans to price $475 million principal amount of senior secured notes due 2021 under Rule 144A and Regulation S, according to a company announcement.

Xerium is a Youngsville, N.C.-based provider of industrial consumables and services, manufacturing clothing and roll covers for the paper industry.

© 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.