BofA, RBC Launch $295M TL for Custom Building
March 4, 2010
Bank of America Merrill Lynch and RBC Capital Markets today launched a $295 million term loan for Custom Building Products, a Seal Branch, Calif.-based producer of tile-setting grout and adhesives and maker of such products as epoxies and cement.
Price talk couldn’t be determined. Custom Building Products plans to use the proceeds from the loan to refinance existing debt.
In 2005, private equity firm Kelso & Co. “purchased a significant stock interest in Custom Building Products,” the company said in a release issued at the time. Terms of that deal were not released.
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