PGW is a portfolio company of Kohlberg & Co., a New York-based private equity firm focused on the middle market. The financing was provided by FS Investment Corporation, FS Investment Corporation II and FS Investment Corporation III, BDCs managed by affiliates of Franklin Square and sub-advised by GSO / Blackstone Debt Funds Management, an affiliate of GSO Capital Partners (GSO).
“We are pleased to provide a customized credit solution to a leader in the automotive glass industry like Pittsburgh Glass Works,” said Michael C. Forman, chairman and CEO of FSIC, FSIC II and FSIC III.
“We are excited to add the investment in PGW to the FSIC portfolios. With its growing presence in global markets and favorable cost structure, we believe that the company is a technological leader among automotive glass producers,” said Brad Marshall, senior managing director at GSO.
Specific terms of the financing were not disclosed.