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Published on 4/29/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Uralita gets €320 million seven-year facility with KKR to redeem notes

By Susanna Moon

Chicago, April 29 - Uralita SA and subsidiary URSA Insulation lined up a €320 million seven-year facility with KKR Asset Management to repay bank loans and redeem notes.

The investment has been made through investment funds managed by KAM's Special Situations business, according to a press release by KKR, a wholly owned subsidiary of Kohlberg Kravis Roberts & Co. LP.

Proceeds also will be used to develop URSA's pan-European insulation business.

Uralita is a construction material company based in Madrid.


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