JW Aluminum Company has closed on a new USD 90 million asset based revolving credit facility, the company said.
Proceeds from the new facility were used to pay off previous revolving loans.
This refinancing completed the recapitalization of JWA that began in November of 2015 with a change in ownership and a USD 120 million reduction in debt.
JW Aluminum manufactures specialty flat-rolled aluminum products including fin stock used by the heating and cooling industry, light gauge converter foil for the flexible packaging industry, honeycomb foil for the aerospace industry, bare and painted sheet products for window coverings and the building and construction markets, as well as other foil and sheet products.
JWA operates plants in Mt. Holly, South Carolina; St. Louis, Missouri; Russellville, Arkansas and Williamsport, Pennsylvania.