Georgia Gulf Announces Approval of Amendment to Senior Secured Credit Facility
ATLANTA--(BUSINESS WIRE)--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.
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