Facebook Twitter LinkedIn Google Plus RSS

Metalico signs $125M refinancing

By ,

Cranford-based Metalico, a holding company with operations in ferrous and non-ferrous scrap metal recycling, has announced its closing of $125 million in refinancing.

According to the announcement, proceeds from the new facilities were used to pay amounts outstanding under the company's prior credit agreement, repurchase $37 million of its convertible notes and pay related fees and expenses. The facilities are provided under a six-year senior secured financing agreement with TPG Specialty Lending Inc. Additional funding is provided by PNC Bank National Association.

Also Popular on NJBIZ

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!