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Signed a proposal letter that outlines certain material terms and conditions for a $215 million term loan
January 11, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Federal Signal Corporation announced that it has signed a proposal letter that outlines certain material terms and conditions for a $215 million term loan. The company also announced it has signed a commitment letter for a $100 million senior secured asset-based credit facility. Proceeds from the $215 million term loan and a concurrent draw from the funds available under the new asset-based credit facility will be used to repay borrowings under the company’s existing secured credit facility, ...
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