AmeriTex to pay down revolver and term loan A with notes proceeds

By Sara Rosenberg

New York, Sept. 26 – AmeriTex HoldCo Intermediate LLC plans to repay amounts outstanding under its existing revolving credit facility and term loan A using a portion of the proceeds from a $530 million senior secured notes offering, according to a market source.

Remaining proceeds will be used to repay existing senior subordinated notes, to make a distribution to the company for distribution to its members, to pay fees and expenses related to the transaction, and for general corporate purposes.

AmeriTex is a Seguin, Tex.-based manufacturer of concrete pipes and box culverts.

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