Gibraltar completes senior notes offering, amends its credit facility
Dec 09, 2005 | 10:18 AM
| Philip Burgert
Metals processor Gibraltar Industries Inc., Buffalo, N.Y., has amended its senior secured credit facility to provide for a new $230-million term loan and completed a private offering of senior subordinated notes.
Executives said the new term loan bears interest, at the company's option, of either the London Interbank Offering Rate (Libor) plus an initial margin of 1.75 percent or the higher of the administrative agent's prime rate or the federal....
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