Waupaca Foundry to launch buyout financing credit facility on Tuesday

By Sara Rosenberg

New York, May 31 - Waupaca Foundry Inc. (ThyssenKrupp Waupaca Inc.) has set a bank meeting for Tuesday to launch its proposed credit facility, according to a market source.

GE Capital Markets Inc., RBC Capital Markets and Wells Fargo Capital Finance are the lead arrangers on the deal.

Proceeds will be used to help fund the acquisition of ThyssenKrupp Waupaca, which is being renamed Waupaca Foundry, by KPS Capital Partners LP from ThyssenKrupp Budd Co.

Closing is expected this quarter, subject to customary conditions.

Waupaca Foundry is a Waupaca, Wis.-based producer of gray and ductile iron castings for the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets.

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