Axalta Coating prepays $100 million of term loan during October

By Wendy Van Sickle

Columbus, Ohio, Oct. 28 – Axalta Coating Systems Ltd. prepaid $100 million of its term loan in October, according to a Wednesday press release announcing the company’s financial results for the third quarter ended Sept. 30.

Robert W. Bryant, Axalta’s executive vice president and chief financial officer, cited “profitable volume growth, ongoing margin expansion and solid free cash flow generation” in the release as factors that enabled the company to make the prepayment.

Axalta is a Wilmington, Del.-based supplier of vehicle and industrial coating systems.

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