DAYTON, Ohio--Dayton Superior announced today that it has completed refinancing of the Company's debt facilities. Dayton Superior is the leading North American provider of specialized products and services to the concrete construction industry.
Lutz Richter, Vice President and Chief Financial Officer said, “The successful refinancing is proof that even in these difficult times our financial partners have confidence in our team and our capability to successfully execute our growth strategy.”
ABOUT DAYTON SUPERIOR CORPORATION
Dayton Superior Corporation is the largest concrete forming company in North America and the leading provider of building products to the non-residential concrete construction industry. The Company is serving more than 4,000 customers with 17,000 specialized products through 13 manufacturing facilities and 15 distribution centers in the United States, Canada, and Panama.
Our products can be found on construction sites nationwide and are used in a broad spectrum of construction projects, including: the infrastructure sector (highways, bridges, airports, power plants and water management projects); the institutional segment (schools, stadiums, hospitals and government buildings); and commercial projects (retail stores, offices and recreational, distribution and manufacturing facilities).
“The successful refinancing is proof that even in these difficult times our financial partners have confidence in our team and our capability to successfully execute our growth strategy.”Proceeds of the loan, which matures in 2017 and requires no principal amortization, were used to repay existing term debt. The balance of the proceeds provide the Company with more flexibility and liquidity to finance future expansions. The Company also obtained a new revolving line of credit from a syndicate of banks to fund its working capital needs.
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Lutz Richter, Vice President and Chief Financial Officer said, “The successful refinancing is proof that even in these difficult times our financial partners have confidence in our team and our capability to successfully execute our growth strategy.”
ABOUT DAYTON SUPERIOR CORPORATION
Dayton Superior Corporation is the largest concrete forming company in North America and the leading provider of building products to the non-residential concrete construction industry. The Company is serving more than 4,000 customers with 17,000 specialized products through 13 manufacturing facilities and 15 distribution centers in the United States, Canada, and Panama.
Our products can be found on construction sites nationwide and are used in a broad spectrum of construction projects, including: the infrastructure sector (highways, bridges, airports, power plants and water management projects); the institutional segment (schools, stadiums, hospitals and government buildings); and commercial projects (retail stores, offices and recreational, distribution and manufacturing facilities).
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