Ellwood Group, Inc.
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$150 Million Senior Unsecured Revolving Credit Facility |
| Client & Transactional Partners |
Ellwood Group, Inc. |
| Our Role |
Joint Lead Arranger Sole Bookrunner Administrative Agent |
Summary
On November 10, 2021, KeyBanc Capital Markets (“KBCM”) closed the syndication of a $150 Million, 5-year Senior Unsecured Revolving Credit Facility (“Revolver”) for Ellwood Group, Inc. (“Ellwood” or the “Company”). The Revolver will be used to fund working capital needs, general corporate purposes and to pay fees and expenses related to the transaction. The transaction represents a refinancing of the Company’s existing Revolver, while extending maturity to 5 years from closing. KBCM acted as Left Lead Arranger, Sole Bookrunner and Administrative Agent on this transaction.
Ellwood Group, Inc., through its subsidiaries, manufactures and supplies heavy metal components, and offers metal components and services. One of the world’s foremost producers of large forgings, the Company provides steelmaking, gray and ductile iron castings, open and closed die forgings, crankshaft forgings, machining and welding, and tool and specialty steel distribution services. Ellwood serves oil and gas, power generation, mining, infrastructure and construction, aerospace, defense, railroad, automotive, industrial machinery, metal processing, gearing/power transmission, and shipbuilding industries in the United States and internationally.
