Mueller Water Products $275 million asset-based revolver to wrap soon

By Sara Rosenberg

New York, Aug. 20 -Mueller Water Products Inc. expects to close on its $275 million asset-based revolving credit facility concurrently with the closing of its $225 million senior notes offering, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The settlement date on the notes is Aug. 26.

Bank of America is the administrative agent on the new revolver.

There is a $150 million accordion feature.

Proceeds from the revolver, along with the notes, will be used to refinance the company's existing credit facility.

Mueller Water Products is an Atlanta-based manufacturer and marketer of products and services that are used in the transmission and distribution of drinking water and in water treatment facilities.

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