American & Efird to get new financing for Gutermann purchase

By Sara Rosenberg

New York, June 16 – American & Efird Global LP plans on getting new financing for its acquisition of Gutermann Holding SE’s global industrial and consumer thread business, according to a news release.

Bank of America Merrill Lynch, Wells Fargo Securities LLC and PNC Capital Markets LLC are the joint lead arrangers on the financing.

Closing is expected on June 30, subject to customary conditions.

American & Efird is a Mt. Holly, N.C.-based manufacturer and distributor of industrial and consumer sewing thread, embroidery thread and technical textiles. Gutermann is a Gutach, Germany-based manufacturer and distributor of sewing thread products for consumer and industrial applications.

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