Huttig building products, inc. enters into new $250 million credit facility

St. louis, sept. 30, 2021 (globe newswire) -- huttig building products, inc. (nasdaq:hbp), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into a new $250 million senior credit facility. the facility has a five-year tenure and can be expanded to $325 million through an uncommitted $75 million accordion, subject to certain conditions. jpmorgan chase bank, n.a. is administrative agent, joint bookrunner and joint lead arranger. bank of america, n.a. and fifth third bank, national association are joint bookrunners and joint lead arrangers. regions bank and bmo harris bank, n.a. are also lenders in the new facility. this new credit facility replaces the company's existing credit facility.
HBP Ratings Summary
HBP Quant Ranking