INDUSTRY news
Neenah Enterprises Secures $250 Million Credit Facility Neenah Enterprises Inc., Neenah,
Wis., has obtained a new $250 mil- lion senior secured credit facility. The loan is being used to refinance existing debt and to support ongo- ing working capital needs. GE Capital, Corporate Finance
is serving as the administrative agent, while GE Capital Markets served as lead arranger. Wells Fargo Capital Finance, part of Wells Fargo & Com- pany, served as joint lead arranger. “The new credit facility provides
a significant interest rate reduc- tion and expands the credit facility available to the company. This is reflective of the improved financial performance and financial position the company has generated over re- cent years,” according to Tom Rior- dan, president and CEO, Neenah Enterprises. “We are pleased that the market was eager to work with
Eagle Alloy Sponsors Metalcasting Mural
Neenah Foundry has been engineering castings for the construction and municipal sector for more than a century.
us in this credit endeavor.” Neenah Enterprises received
corporate credit ratings of “B2” from Moody’s and “B” from Stan- dard & Poor’s.
T e company provides gray and
ductile iron castings, steel forgings and auxiliary services such as machining, painting and heat treatment for the municipal and industrial markets.
Muskegon, Mich., is proud of its his-
tory, of which metalcasting plays a large part. The city recently commissioned a mural depicting metalcasting on a re- modeled industrial building downtown. The mural, designed and mostly
funded by local steel casting facility Eagle Alloy Inc. co-owners Mark Faza- kerley and John Workman, illustrates the industrial heritage of Muskegon, focusing on its foundry roots. Fazakerley has been involved with
multiple renovation projects of castings in the downtown area.
Sept/Oct 2013 | METAL CASTING DESIGN & PURCHASING | 11
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60