Aero Products to launch $60 million credit facility Thursday

By Sara Rosenberg

New York, March 13 - Aero Products International Inc. is scheduled to hold a bank meeting on Thursday to launch its proposed $60 million credit facility, according to a market source.

General Electric Capital Corp. is the lead bank on the deal.

The facility consists of a $10 million revolver and a $50 million term loan, the source said.

Proceeds will be used to refinance existing debt.

Aero Products, an Investcorp portfolio company, is a Schaumburg, Ill.-based manufacturer of high quality, air-filled bedding products.

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