Building-products manufacturer, CPG International, is planning to secure $350 million of loans, Bloomberg reports. The company will receive a $235 million first-lien term loan maturing in six years, a $50 million second-lien piece due in 6.5 years and a $65 million asset-based revolving credit line that expires in five years. Credit Suisse, UBS and Wells Fargo have been appointed to arrange the loans. The proceeds will be used by the company to refinance $128 million of 7.21% notes due in July 2012 and a $150 million of 10.5% debentures maturing in 2013.
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