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JP Morgan Chase Agents Materion’s $375MM Facility Amendment

June 26, 2013, 07:18 AM
Filed Under: Metals and Mining

Materion Corporation entered into a second amended and restated credit agreement on June 20, 2013. The new credit agreement matures on June 20, 2018 and provides for a $375 million committed revolving credit facility, an increase of $50 million over the previous credit agreement, and includes an option for an additional uncommitted facility of up to $100 million. The new facility also provides Materion with more favorable interest rates when compared to its previous facility. The new facility will provide the company and its subsidiaries with increased borrowing capacity and will accommodate future growth.

An SEC 8-K filing indicates that Bank of America, Key Bank and Wells Fargo are co-syndication agents and J.P. Morgan Securities served as sole bookrunner and sole lead arranger on this facility. To view the SEC filing, click here.

Materion Corporation is headquartered in Mayfield Heights, Ohio. The company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. 

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