The senior secured credit facility consisted of a $20 million first lien senior secured revolving credit facility, a $100 million first lien senior secured term loan facility, and a $50 million second lien senior secured facility. Proceeds of the credit facility were used to refinance existing senior and subordinated indebtedness of the Company and to provide for working capital needs.
Headquartered in Omaha, Nebraska, YORK is a leading designer and manufacturer of prime, pressure sensitive labels to a wide range of markets and Fortune 500 companies. It operates five state-of-the-art manufacturing facilities across the country. To complement the Company's label production, it has a complete Integrated Systems Division that offers labeling, data collection, and printing systems for manufacturing, warehouse, and retail environments.
"Through its extensive production capabilities and reputation for unparalleled customer service, the Company has developed a diverse and blue chip client base,"Â said Dan Barry, Senior Managing Director of GE Antares. "We are delighted to work with Wind Point Partners and YORK's strong management team."Â
"Our in-depth knowledge of the company allowed GE to offer a flexible financing package,"Â said Doug Koch, Vice President of GE Antares. "We are pleased to have had the opportunity to provide the refinancing to YORK on behalf of WPP, and we enjoy our value-added partnership with their firm."Â
Michael Nelson, a principal at Wind Point Partners said: "We appreciate GE Antares' support and responsiveness on the York financing. It demonstrates their ongoing commitment to working with WPP and YORK's management team. We look forward to continuing our efforts on behalf of both entities"Â - General Electric.