Wachovia Leads Euramax Refi

  • 14 Sep 2003
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Euramax International, a Norcross, Ga.-based manufacturer of aluminum, steel, vinyl and fiberglass, is refinancing its $110 million credit facility. A bank meeting for a new $145 million credit is scheduled for this Wednesday. Wachovia Securities is leading the deal, which includes a $110 million revolver priced at LIBOR plus 21/2%, down 25 basis points from the previous credit. A $35 million term loan "A" is also priced at LIBOR plus 21/2%. Scott Vansant, Euramax's cfo, declined to comment.

BNP Paribas is the lead arranger on the existing credit, with Wachovia acting as collateral agent. Other lenders in the previous syndicate include Fleet National Bank, LaSalle Bank, PNC Bank and SunTrust Bank. It could not be determined by press time if BNP Paribas will be involved in the refinancing. Wachovia and BNP Paribas bankers did not return calls.

  • 14 Sep 2003

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1 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%