Arclin USA LLC and its US and Canadian affiliates (collectively, Arclin) entered into an amendment and restatement agreement to amend and restate an existing credit agreement to, among other things, increase the maximum facility amount and extend the maturity date.
The new amended and restated loan, security and guarantee agreement provides for a senior secured revolving credit facility in an aggregate amount of US$75 million, including US and Canadian sub-facilities.
The credit facility was made available by a syndicate of lenders and Bank of America, N.A., acting as collateral agent and administrative agent.
Arclin is a leading provider of innovative bonding and surfacing solutions for building and construction, engineered materials, agricultural and natural resource markets.
Bank of America, N.A. was represented in Canada by Norton Rose Fulbright Canada LLP, with a team comprised of David Amato and Matthew Lippa. Bank of America, N.A. was represented in the US by Jones Day, with a team comprised of Scott Moore, Beth Vogel and Erica Smith.
Arclin was represented in the US by Skadden, Arps, Slate, Meagher & Flom LLP, with a team comprised of Seth Jacobson, Darrin Halcomb and Ben Dobbins, and in Canada by Blake, Cassels & Graydon LLP, with a team comprised of Aimee Yee and Chris Burr.