Huttig obtains $160 million loan

New York, Sept. 27 - Huttig Building Products, Inc. said it obtained a $160 million five-year credit facility made up of a $130 million revolver and a $30 million term loan.

Pricing is at Libor plus 100 to 200 basis points, depending on financial ratios.

LaSalle Bank NA arranged the facility, which was syndicated with six other lenders.

The facility replaces a $150 million asset-based revolver priced at Libor plus 200 to 300 basis points that would have matured in August 2005.

Huttig is a St. Louis distributor of building materials.

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