ThermaClime seeks $75 million term loan led by Bank of America

By Sara Rosenberg

New York, Jan. 5 - ThermaClime plans on getting a new $75 million five-year term loan, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

Bank of America is the lead bank on the deal that is being done on a best-efforts basis.

A portion of the term loan is expected to be floating rate and a portion is expected to be fixed rate.

Proceeds will be used to repay an existing $50 million term loan that matures in November 2012 and for working capital and general corporate purposes, including the repurchase of up to $27 million of convertible debentures.

ThermaClime is an Okalahoma City-based manufacturer and seller of climate control and chemical products.

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