ThermaSys readies launch of $142 million credit facility for Tuesday

By Sara Rosenberg

New York, Jan. 9 - ThermaSys Corp. has set a bank meeting for Tuesday to launch a proposed $142 million five-year credit facility, according to a market source.

GE Capital Markets is the lead bank on the deal.

The facility consists of a $30 million revolver and a $112 million term loan, the source said.

Proceeds will be used to help fund the buyout of the company by Wellspring Capital from Sun Capital Partners Inc.

ThermaSys is a Montgomery, Ala.-based supplier of highly engineered copper/brass and aluminum heat exchanger components and assemblies.

© 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.