Superior Essex amends and restates revolver, increasing size, extending maturity

By Sara Rosenberg

New York, April 17 - Superior Essex Inc. amended and restated its revolving credit facility, increasing the size to $225 million from $175 million and extending the maturity date to April 2011, according to a company news release.

In addition, the amendment will result in a reduction in the interest margin charged over short-term index rates.

The amendment will also provide greater flexibility related to investments, acquisitions, distributions and capital expenditures.

Bank of America Securities LLC acted as the lead bank on the deal.

The amendment and restated was completed on April 14.

Superior Essex is an Atlanta-based wire and cable manufacturer.

© 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.