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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Agents EnPro Industries’ $300MM Credit Facility
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Lenders/Participants
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Bank of America [Administrative Agent, Swing Line Lender, L/C Issuer]
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Structure
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Revolver Amendment, Restatement
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Amount
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$300.000
Million
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Borrower(s)
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EnPro Industries, Inc. and Coltec Industries Inc.
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Description
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Amended and restated its senior secured revolving credit facility to provide for a five-year, senior secured revolving credit facility of $300.0 million (the “Revolving Credit Facility”). Borrowing availability under the Revolving Credit Facility is not limited by reference to a borrowing base. Initially, borrowings under the Revolving Credit Facility bear interest at an annual rate of LIBOR plus 1.75% or base rate plus 0.75%, although the interest rates under the Revolving Credit Facility are subject to incremental increases based on a consolidated total leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the Revolving Credit Facility at an annual rate of 0.20%, which rate is also subject to incremental increases based on a consolidated total leverage ratio.
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Industry
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Manufacturing
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| Related Tags |
Bank of America
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ABL Advisor
Deal Tables
2024
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