Optimas OE Solutions lifts ABL facility to $180 million, cuts pricing

By Wendy Van Sickle

Columbus, Ohio, July 3 – Optimas OE Solutions Holdings, Inc., LLC amended its asset-based revolving credit agreement to increase the facility by 20% to $180 million and extend the facility by five years, according to a press release.

The refinancing also reduced pricing by 25 basis points.

“This amendment to our ABL and corresponding undrawn capacity at lower cost provides the liquidity and flexibility to continue our transformation and further enhance the profitability profile of the company,” chief executive officer Anesa Chaibi said in the release.

“This amendment follows recent upgrades by S&P and Moody’s rating agencies and the June 2018 accretive acquisition of Circle Nut & Bolt.”

The company is a Glenview, Ill.-based distributor of enterprise cabling and security solutions, electrical and electronic wire and cable and OEM supply fasteners and other small parts.

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