Euramax International has raised $375 million in a sale of senior secured notes.
March 14, 2011
Euramax International has raised $375 million in a sale of senior secured notes, Reuters reports. The notes, which carry a coupon rate of 9.5%, will be due on April 1, 2016.
The U.S. aluminum, steel, vinyl, copper and fiberglass products producers and suppliers sold the bonds in the 144a private placement market. The sole book-running manager for the sale was Deutsche Bank.