Smaller fish enter the pond

Zwirn, Ed; Boswell, Clay
September 2006
ICIS Chemical Business;9/4/2006, Vol. 1 Issue 33, p25
Trade Publication
The article explains how American Pacific Corp. (Ampac) financed the acquisition of Aerojet Fine Chemicals Co. Initially, Ampac had concerns over the financing of its planned acquisition. However, the company got underwriting from a number of banks, in the process saving some 300 to 400 basis points in carrying charges. Also key to the favorable outcome was the deal's structure, which featured a $75 million bank loan, a $20 million second-lien term facility and a $25.5 million note that Aerojet took from Ampac.


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