Carlisle intends to pay down credit facility via new note proceeds

By Tali Rackner

Minneapolis, Nov. 13 – Carlisle Cos. Inc. plans to repay debt outstanding under its credit facility using the proceeds from a new note offering, according to a 424B3 filing with the Securities and Exchange Commission.

As of Sept. 30, there was $815 million available under the credit facility and $185 million outstanding.

The amount of outstanding debt under the facility immediately prior to the offering is expected to be about $800 million.

Borrowings were incurred in connection with the company’s Nov. 1 acquisition of Accella Performance Materials LLC.

Carlisle is a diversified manufacturing company based in Charlotte, N.C.

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