Key Developments: Huttig Building Products Inc (HBPI.PK)
2.20USD
23 May 2013
$-0.05 (-2.22%)
$2.25
$2.20
$2.25
$2.15
66,385
11,542
$3.00
$0.65
Latest Key Developments (Source: Significant Developments)
Huttig Building Products Inc Extends $120 Million Credit Facility
Huttig Building Products Inc announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, extends the facility for five years from the execution date, to December 21, 2017. The amended facility can be increased to $160 million, through an uncommitted $40 million accordion feature, subject to certain conditions. General Electric Capital Corporation (GECC) and Wells Fargo Capital Finance, LLC (Wells Fargo) are co-lenders under the facility. Full Article
Huttig Building Products Inc Announces Share Repurchase
Huttig Building Products Inc announced that it has completed a repurchase of 1.0 million shares of its common stock at $1.10 per share from stockholder, The Rugby Group Limited. The share repurchase was effected in a private transaction and the aggregate purchase price was funded with available funds. Full Article
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