September 08, 2008

Quanex gets USD 270 million unsecured credit line

AP reported that Building components manufacturer Quanex Building Products Corp secured a USD 270 million line of credit following its spin-off earlier in the week.

According to a filing with the Securities and Exchange Commission, the senior unsecured revolving credit facility is guaranteed by Wells Fargo Bank and carriers USD 2.4 million in outstanding letters of credit.

Quanex Building Products was spun off from Quanex Corp.