PW Eagle to draw on revolver to repay subordinated debt

By Sara Rosenberg

New York, Nov. 30 - PW Eagle Inc. plans to use borrowings under its revolving credit facility to prepay all of its about $25 million of subordinated debt, according to a company news release.

Furthermore, PW Eagle's wholly owned subsidiary, USPoly Co. LLC, plans on prepaying all of its outstanding debt in connection with the merger of USPoly into PW Eagle.

PW Eagle is a Eugene, Ore.-based extruder of PVC pipe products and USPoly is a manufacturer of PE pipe and fittings.

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