Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

http://www.spgprints.com
http://www.itmaasia.com
http://bit.ly/P10owh
http://www.allstatestextile.com
http://www.textileworld.com/Store/Books/index.html
http://www.textileworld.com/forms/newsletter.html
http://www.textileworld.com/Store/Books/diccionario-textil.html
http://www.textileworld.com/careers/index.html
March/April 2014 March/April 2014

View Issue  |

Subscribe Now  |

Events

International Dye Industry, Pigments And Textile Chemicals Exhibition (China Interdye)
04/16/2014 - 04/18/2014

Understanding The U.S. Government Lists Of Products Believed To Be Made With Forced Or Child Labor webinar
04/22/2014 - 04/22/2014

12th International Exhibition on Textile Industry (Indo Intertex 2014)
04/23/2014 - 04/26/2014

- more events -

- submit your event -

Printer Friendly
Full Site
Textile News

First Union Capital Offers One-Stop Shopping

First Union Capital Markets Group, Charlotte, N.C., recently served as the merger and acquistion advisor and completed a range of financings for a key acquisition by Groupe Porcher, a French industrial fabrics manufacturer.First Union Capital also played several roles in Glass Holdings' majority acquistion of Owens Corning's Glass Fiber and Specialty Materials Business to form a new venture named Advanced Glassfiber Yarns. Glass Holdings is a U.S. subsidiary of Groupe Porcher.During the deal, the Bowles Hollowell Conner division of First Union Capital served as Glass Holdings' merger and acquisition advisor; First Union Corp. provided two bridge loans; and First Union Capital completed two loan syndications and two high-yield bond offerings.First Union Capital served as the lead manager on Glass Holdings' Advanced Glassfiber Yarns subsidiary's $150-million high-yield bond offering and was sole manager on a $100-million offering of senior subordinated notes for Glass Holdings' other subsidiary, BGF Industries.It also served as administrative agent and arranger on the $125-million and $315-million loan syndications for BGF Industries and Advanced Glassfiber Yarns."This transaction confirms our commitment to provide sophisticated advisory and financing solutions to meet the growth needs of our customers," said Ken Thompson, First Union vice chairman and head of Global Capital Markets. "First Union's emphasis on teamwork and an unwavering focus on the client enables us to successfully deliver capital market expertise to customers worldwide."


March 1999




Advertisement