CSW Industrials Refinances Existing Debt

In connection with the new credit agreement, CSW Industrials repaid and terminated prior credit facilities for RectorSeal Corporation and Whitmore Manufacturing Company, totaling $120 million in commitments.

“On December 11, 2015, in connection with its entry into the Credit Agreement, the Company repaid all of the outstanding obligations under the Credit Agreement, dated July 27, 2011, among the RectorSeal Corporation and JPMorgan Chase Bank, N.A. (the “RectorSeal Credit Agreement”) as well as the obligations under the Credit Agreement, dated April 27, 2015, among the Whitmore Manufacturing Company, as borrower, JP Morgan Chase Bank, N.A., as administrative agent, and the other lenders party thereto (the “Whitmore Credit Agreement”).”

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