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How James Hardie’s $3.5B Credit Deal Powers Its AZEK Merger Ambitions

11:43pm on Monday 2nd of June, 2025 AEST Building Materials
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How James Hardie’s $3.5B Credit Deal Powers Its AZEK Merger Ambitions

11:43pm on Monday 2nd of June, 2025 AEST
Key Points
  • Syndication of $3.5 billion senior secured credit facilities
  • Includes $1 billion revolving credit and $2.5 billion term loans
  • Interest rates tied to Term SOFR with fixed-rate swap agreement
  • Bridge loan commitments reduced from $4.3 billion to $1.7 billion
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