Hexcel plans to refinance credit facility sometime this year

By Sara Rosenberg

New York, Feb. 12 - Hexcel Corp. expects to refinance its senior secured credit facility this year being that its revolver matures on March 1, 2010, according to a 10-K filed with the Securities and Exchange Commission on Thursday.

The company anticipates that borrowing costs under any new deal will be higher than current loan pricing.

Hexcel is a Stamford, Conn.-based developer, manufacturer and marketer of advanced composites for use in the commercial aerospace, space and defense and industrial applications.

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