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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Agents New $375MM Senior Revolver for Kaiser Aluminum
Wednesday, October 30, 2019
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Lenders/Participants
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Wells Fargo Bank [Administrative Agent]
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Structure
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Senior Secured Revolver
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Amount
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$375.000
Million
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Borrower(s)
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Kaiser Aluminum Corporation
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Description
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A five-year senior secured revolving credit facility replacing its previously existing facility that was due to mature in December 2020. The new facility increases the lending commitment by $75 million and provides more favorable pricing and greater flexibility than the previous facility. As of the October 30, 2019 effective date, borrowing availability under the new facility, net of outstanding letters of credit, was approximately $353 million based upon a borrowing base of eligible accounts receivable and inventory and certain machinery and equipment. There are no borrowings under the revolving credit facility.
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Industry
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Metals and Mining
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Location
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CA
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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