CPG Seeks $350M In Credit Financing

Building-products manufacturer,CPG International, is planning to secure $350 million of loans,Bloombergreports. The company will receivea $235 million first-lien term loan maturing in six years, a $50 million second-lien piece due in 6.5 years and a $65 million asset-based revolving credit line that expires in five years.

Credit Suisse,UBSandWells Fargohave been appointed to arrange the loans. The proceeds will be used by the company to refinance $128 million of 7.21% notes due in July 2012 and a $150 million of 10.5% debentures maturing in 2013.

Click here for the story fromBloomberg.