Beacon Roofing Supply Completes New $565M Credit Facility

Loading...
Loading...
Beacon Roofing Supply, Inc.
BECN
announced today that it has entered into a new, five-year senior secured credit facility consisting of a $550 million U.S. credit facility and a C$15 million Canadian credit facility with Wells Fargo Bank, National Association, as administrative agent and as a lender, and other lenders. The Credit Facility refinanced the Company's prior combined $515 million credit facilities that were provided through GE Antares and an affiliate. Wells Fargo Securities, LLC, an affiliate of Wells Fargo, serves as the lead arranger and joint bookrunner on the new facility, which provides the Company with historically low interest rates and readily available funds for future acquisitions and ongoing working capital requirements.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsFinancing
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...