Bloomberg News

Unifrax Said to Seek $540 Million for American Securities Buyout

October 27, 2011

Oct. 27 (Bloomberg) -- Unifrax Corp., a producer of high temperature insulation products is seeking $540 million in loans to back its buyout by American Securities LLC, according to a person with knowledge of the transaction.

Goldman Sachs Group Inc. is arranging the deal for the Niagara Falls, New York-based company, which will include a $490 million term loan maturing in seven years and a $50 million revolving line of credit due in five years, said the person, who declined to be identified because the terms are private.

The bank will host a lender meeting on Nov. 3 in New York to discuss the financing, the person said.

Ann Board, a spokeswoman for American Securities, didn’t respond to an e-mail seeking comment.

--Editors: Faris Khan, Sharon L. Lynch

To contact the reporter on this story: Michael Amato in New York at mamato3@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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