Ames True Temper $215 million credit facility to launch Wednesday

By Sara Rosenberg

New York, June 7 - Ames True Temper Inc. is scheduled to hold a bank meeting on Wednesday for its proposed $215 million credit facility, according to a market source. Bank of America is the lead bank on the deal.

The facility contains a $140 million term loan B and $75 million of pro rata debt, the source said.

Proceeds will be used to help fund Castle Harlan's leveraged buyout of the Camp Hill, Pa., non-powered lawn and garden tool company.

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