Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mold-Masters Said to Seek Extension of $237 Million of Debt

March 26 (Bloomberg) -- Mold-Masters Group, the Canadian maker of temperature-control systems, is seeking to extend the maturity on its $206 million term loan to October 2016 from October 2014, according to a person with knowledge of the transaction.

The debt will pay interest at 4.5 percentage points more than the London interbank offered rate, said the person, who declined to be identified because the terms are private.

Lenders are being offered a 15 basis-point fee to agree to the extension and a 10 basis-point consent fee, the person said. A basis point is 0.01 percentage point.

The Georgetown, Ontario-based company is also seeking to extend its $31 million revolving line of credit to April 2016 from October 2013, the person said.

Societe Generale SA is arranging the financing and investors have until March 30 to submit commitments.

Mold-Masters’s existing term loan pays interest at 3.5 percentage points more than Libor, according to data compiled by Bloomberg.

3i Group Plc, the London-based private-equity firm, made an investment in Mold-Masters in August 2007, Bloomberg data shows.

Stephen Farrell, chief financial officer of Mold-Masters, didn’t immediately respond to an e-mail seeking comment.

In a revolving credit facility, money can be borrowed again once it’s repaid; in a term loan it can’t.

To contact the reporter on this story: Michael Amato in New York at

To contact the editor responsible for this story: Faris Khan at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.