Fleet Capital Corporation, one of America’s largest asset-based lenders, has announced that it served as agent for a US$200 million revolving credit facility to Jacuzzi Brands, Inc., a leading global manufacturer and distributor of branded bath and plumbing products. The loan will be used to refinance existing debt and provide for ongoing working capital requirements. Fleet will also provide letters of credit and cash management products and services.
Fleet Securities, Inc. was joint lead arranger of the senior secured facility, placement agent for a US$65 million term loan B, and co-manager for a US$380 million senior secured note offering.
