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
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