UBS Launches AMS Recap

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UBS Launches AMS Recap

UBS will be launching a new loan for Acoustical Material Services this Tuesday.

UBS will be launching a new loan for Acoustical Material Services this Tuesday. The loan consists of a five-year, $35 million revolver priced at LIBOR plus 2 3/4% and a seven-year, $125 million term loan priced at LIBOR plus 2 3/4%. Proceeds will back a dividend to private equity-firm Quad-C. Headquartered in Montebello, Calif., Acoustical Material provides ceiling products, drywall and other construction supplies to building owners and subcontractors.

 

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