Mueller Industries pays down $80 million of revolver borrowings

By Angela McDaniels

Tacoma, Wash., July 26 – Mueller Industries, Inc. made $80 million of payments to reduce the debt outstanding under its revolving credit facility due 2021, according to a 10-Q filing with the Securities and Exchange Commission.

The company made a $50 million payment on July 10 and a $30 million payment on Friday.

The total borrowings under the $350 million revolver were $200 million as of July 1.

Mueller Industries is a Memphis-based manufacturer and seller of copper, brass, plastic and aluminum products.

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