Huttig Building Products gets $250 million five-year credit facility

By Wendy Van Sickle

Columbus, Ohio, Sept. 30 – Huttig Building Products, Inc. entered into a new $250 million five-year senior credit facility, according to a news release.

The credit facility can be expanded up to $325 million through an uncommitted $75 million accordion.

JPMorgan Chase Bank, NA is administrative agent and is a bookrunner and lead arranger along with Bank of America, NA and Fifth Third Bank, NA.

The new credit facility replaces the company’s existing credit facility.

Pricing is Libor plus 125 basis points to 175 bps, depending on average availability. The initial margin above Libor was 125 bps.

St. Louis-based Huttig is a distributor of millwork, building materials and wood products.

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