Quanex restates credit facility for $325 million maturing in 2027

By Wendy Van Sickle

Columbus, Ohio, July 6 – Quanex Building Products Corp. entered into a second amended and restated credit facility extending the maturity date of its $325 million senior secured revolver by five years to July 2027, according to a press release.

Borrowings will bear interest a tiered rate based on Quanex’s consolidated net leverage ratio.

At the time of closing, existing borrowings of about $58 million were carried over to the new credit facility.

Wells Fargo Securities, LLC and BofA Securities, Inc. served as the joint lead arrangers and joint bookrunners for the amended credit facility with Wells Fargo Bank, NA as administrative agent.

Quanex is a Houston-based supplier of window and door components.

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