TriMas entered into a replacement facility amendment on a $500 million revolver which was replaced with a new $300 million revolver. JPMorgan Chase was said to be the administrative agent and collateral agent for the lender group.
TriMas said it closed an amendment to its existing credit facilities, comprised of a $500 million revolver and a $275 term loan, in conjunction with the recent spin-off of its Cequent businesses. J.P. Morgan was said to have led the refinancing process.
TriMas entered into an agreement to acquire Allfast Fastening Systems for approximately $360 million. The acquisition will be funded by an $825 million facility arranged by JPMorgan, Bank of America Merrill Lynch and Wells Fargo.
TriMas announced its refinanced credit facilities will include a $475 million revolver and $175 million Term Loan A facility. J.P. Morgan; Merrill Lynch, Pierce, Fenner & Smith; and Wells are arranging.