Milacron plans $60 million ABL revolver with buyout by CCMP

By Sara Rosenberg

New York, April 16 - Milacron LLC will be getting a $60 million undrawn ABL revolving credit facility with its acquisition by CCMP from Avenue Capital Group, according to a market source.

Other funds for the buyout will come from $265 million of senior secured notes.

Bank of America Merrill Lynch, RBC Capital Markets LLC, Barclays Capital Inc. and Keybanc Capital Markets LLC are the lead banks on the financing.

Closing is expected in the second quarter.

Milacron is a Cincinnati-based manufacturer and supplier of plastics-processing technologies and metalworking fluids.

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