Calgon Carbon refinances existing credit facility via new term loan

By Tali Rackner

Norfolk, Va., Oct. 4 – Calgon Carbon Corp. refinanced existing debt under its existing credit facility with the proceeds from a new $100 million seven-year term loan, according to a press release.

The new term loan is in addition to a $300 million five-year revolving loan, which is expected to provide funding for the estimated $151.5 million cash purchase price of the company’s pending acquisition of CECA’s wood-based activated carbon and filter aid business, expected to occur later this quarter, the release said. It will also be available for working capital requirements and general corporate purposes.

Calgon Carbon is a Pittsburgh-based provider of services and products for purifying water and air.

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