Trex completed an amendment to its facility. The amended cash-flow lending facility, obtained through BB&T, Citibank and Bank of America is a seasonal facility providing for a maximum principal amount of $150 million from January through June and $100 million from July through December. With more favorable borrowing rates and a maturity of November 2019, the new facility strengthens the company’s capital structure.

Trex chairman, president and CEO Ronald W. Kaplan, remarked, “Our new credit facility will reduce our overall borrowing costs, give us additional borrowing capacity and provide the optimal capital structure to execute our strategic objectives. We view our financial profile as a competitive strength. In addition to enabling us to capitalize on positive debt market conditions, the larger credit facility will allow us to be more capable and nimble as we pursue strategic opportunities.”

Trex is a world’s manufacturer of wood-alternative decking and railing, with more than 20 years of product experience.