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Amtek Global to launch €305 million credit facility on Monday
By Sara Rosenberg
New York, July 25 – Amtek Global Technologies Pte. Ltd. is scheduled to hold a bank meeting on Monday to launch a €305 million senior secured credit facility, according to a market source.
Barclays and Jefferies are the joint bookrunners on the deal.
The facility consists of a €30 million five-year revolver and a €275 million five-year term loan B, the source said.
Proceeds will be used to refinance existing debt, for general corporate purposes and capital expenditures, and for a distribution to shareholders.
Total gross debt is 3.7 times and total net debt is 2.8 times, the source added.
Amtek is a Germany-based automotive engineering company.
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