OrthoLite readies launch of $212 million credit facility for Monday

By Sara Rosenberg

New York, Sept. 14 – OrthoLite is scheduled to hold a bank meeting at 1 p.m. ET in New York on Monday to launch a $212 million credit facility, according to a market source.

Goldman Sachs Bank USA and Antares Capital are the leads on the deal.

The facility consists of a $12 million revolver and a $200 million term loan B, the source said.

Proceeds will be used to refinance existing debt and to fund a dividend.

OrthoLite is an Amherst, Mass.-based supplier and manufacturer of open-cell foam insoles to branded footwear companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.