NCI Building To Buy Metl-Span
With a view to diversifying and expanding its product offering, NCI Building System (NYSE:NCS) has penned an agreement to acquire the leading insulated metal panel supplier, Metl-Span LLC, from a subsidiary of BlueScope Steel North America Corporation for $145 million. To finance the acquisition, NCI Building has secured a new asset based-lending (ABL) facility and [...]
With a view to diversifying and expanding its product offering, NCI Building System (NYSE:NCS) has penned an agreement to acquire the leading insulated metal panel supplier, Metl-Span LLC, from a subsidiary of BlueScope Steel North America Corporation for $145 million.
To finance the acquisition, NCI Building has secured a new asset based-lending (ABL) facility and term loan and will refinance its existing ABL facility and term loan, both of which were to mature in 2014. The company will use ABL … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards