Atkore to Incur Up to $465 Million in Third-Party Debt Financing

As part of the transaction, Atkore or its subsidiary is anticipated to incur up to $465 million in new third-party indebtedness through a secured revolving credit agreement and senior secured high yield notes to repay existing debt.

“Under the terms of the Investment Agreement, it is anticipated that Atkore (or a subsidiary of Atkore) will incur new third-party indebtedness of up to $465 million through a combination of borrowings under a secured revolving credit agreement and the issuance of new senior secured high yield notes (or bridge financing) and use such proceeds in part to repay $400 million in existing indebtedness of the Electrical and Metal Products business.”

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