Sequa Corp., the jet engines servicer and automobile component maker, is seeking to obtain $200 million in a term loan, Bloomberg reports. The unit of global alternative asset manager the Carlyle Group will use the debt proceeds to finance Sequa’s purchase of Roll Coater.
The credit is being arranged by Barclays and Credit Suisse Group. Sequa, which is based in Tampa, Florida, is scheduled to host a lender call on October 25.
Click here for the story from Bloomberg.