Chassix to pay down term loan B and ABL facility with note proceeds

By Sara Rosenberg and Paul A. Harris

New York, July 15 - Chassix Inc. plans to repay and terminate its term loan B and repay all of its ABL credit facility borrowings using proceeds from a $325 million senior secured notes offering, according to a market source.

Remaining funds from the note sale will be used for general corporate purposes.

Chassix is a Southfield, Mich.-based manufacturer and supplier of aluminum and iron chassis sub-frame components, including steering knuckles, control arms, sub-frames and assemblies.

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