TriMas to repay term loan A facility due 2020 with new note offering

By Sarah Lizee

Olympia, Wash., Sept. 11 – TriMas plans to use the proceeds from an offering of $300 million senior notes due 2025 to pay off its term loan A facility due 2020 under TriMas’ amended and restated credit agreement, according to a press release.

The proceeds may also be used to repay a portion of outstanding obligations under the company’s accounts receivable facility and to pay fees and expenses related to the offering and debt repayment.

TriMas is a Bloomfield Hills, Mich.-based diversified manufacturer of engineered and applied products.

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