Georgia Gulf Announces Approval of Amendment to Senior Secured Credit Facility
Posted on: Thursday, 10 May 2007, 18:00 CDT
Georgia Gulf Corporation (NYSE:GGC) announced today that it has received requisite approval of the amendment to its Senior Secured Credit Facility.
As previously announced in a Form 8-K filing on May 2, 2007, the company was seeking primarily to increase the leverage ratios and decrease the interest coverage ratios contained in the Senior Secured Credit Facility to better accommodate the softened outlook for the company's near-term operating results.
Georgia Gulf Corporation is a leading, integrated North American manufacturer of two chemical lines, chlorovinyls and aromatics, and manufactures vinyl-based building and home improvement products. The Company's vinyl-based building and home improvement products, marketed under Royal Group brands, include window and door profiles, mouldings, siding, pipe and pipe fittings, deck, fence and rail and outdoor storage buildings. Georgia Gulf, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America to provide industry-leading service to customers.
Source: Business Wire
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