Daily News: May 4, 2017

Credit Suisse Extends NCI Building Systems Facility


NCI Building Systems, a manufacturer of metal building products, amended and extended its existing term loan facility. According to a related 8-K filing, Credit Suisse, Cayman Islands Branch served as administrative agent and collateral agent.

The recently closed amendment extended the final maturity by three years to June 24, 2022 and reduced the interest rate margin by 25 basis points on LIBOR borrowings from 3.25% to 3.00% (LIBOR, not less than 1.00%).

The amended facility included the participation of 16 financial institutions with total outstanding principal of $144.15 million, the same amount outstanding prior to the amendment.