E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers S > Headlines for ShawCor Ltd. > News item
Published on 5/8/2014 in the Prospect News Bank Loan Daily.

ShawCor plans revolver draw to help fund Desert NDT buyout

By Marisa Wong

Madison, Wis., May 8 - ShawCor Ltd. said it plans to draw from its revolving credit facilities to help fund its acquisition of Desert NDT LLC.

The transaction, valued at $260 million, will also be funded with cash, according to a press release.

ShawCor said it may consider raising equity to repay a portion of its outstanding revolving debt.

The energy services company is based in Toronto.


© 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.