AirBoss of America amended its senior secured revolving credit facilities to increase its credit availability from $60 million to $150 million on substantially the same terms, conditions and maturity as its current credit facilities.
The increased facilities are intended to cover upfront costs necessary to execute on the company’s purchase order expected to be worth up to $288 million to supply the U.S. Department for Health and Human Services’ Office of the Assistant Secretary for Preparedness and Response with nitrile patient examination gloves. There are no other substantive changes to the company’s credit facilities.
TD Bank, National Bank of Canada, Comerica Bank and JPMorgan will continue to make up the syndicate of lenders for the facility.
AirBoss of America is a diversified developer, manufacturer and provider of survivability solutions, custom rubber compounds and finished rubber products.