SeaStar Solutions to launch $225 million credit facility on Wednesday

By Sara Rosenberg

New York, Jan. 2 - SeaStar Solutions set a bank meeting for Wednesday to launch a $225 million credit facility, according to a market source.

RBC Capital Markets and GE Capital Markets are the leads on the deal.

The facility consists of a $25 million revolver and a $200 million term loan B, the source said.

Proceeds will be used to help fund the buyout of the company by American Securities.

SeaStar is a manufacturer and distributor of marine steering and control systems and engine and drive parts.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.