Cambridge gets $90 million credit facility

By Sara Rosenberg

New York, June 13 - Cambridge Inc. closed on a new $90 million senior secured credit facility, according to a company news release.

GE Capital Markets acted as the lead arranger and bookrunner on the deal.

The facility consists of a $15 million revolver and $75 million term loan.

Proceeds were used to refinance existing senior indebtedness, provide a dividend to shareholders and fund ongoing working capital needs.

Cambridge, a portfolio company of Sterling Investment Partners, is a Cambridge, Md.-based metal conveyor belts company.

© 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.