Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
American Commercial Lines Inc.
American Commercial Lines Announces Private Placement of Senior Secured Second Lien Notes
July 12th, 2009
Commercial Barge Line Company, a direct wholly owned subsidiary of American Commercial Lines Inc. (NASDAQ:ACLI) ("ACL"), announced that it intends to offer $200 million aggregate principal amount of senior secured second lien notes due in 2017 in a private placement. The notes will be guaranteed by ACL and by certain of ACL's existing and future domestic subsidiaries. Net proceeds from the offering, together with borrowings under a proposed new four year $350 million senior secured first lien asset-based revolving credit facility, will be used to repay ACL's existing credit facility, to pay certain related transaction costs and expenses and for general corporate purposes....
Source: Pharma Investments, Ventures & Law Weekly (2009-07-12)
|
