Unifrax Completes $670 Million Refinancing

February 5, 2013

We represented Unifrax I LLC, an American Securities portfolio company that is a leading worldwide manufacturer of industrial ceramic fiber products, in its $670 million refinancing consisting of a Rule 144A offering of $205 million of 7.50% senior notes due 2019 and a new $465 million term loan credit facility maturing in 2018. We represented American Securities in its acquisition of Unifrax in 2011. The refinancing transactions closed on February 5, 2013. The Kaye Scholer team included Partners Emanuel Cherney, Christopher Peterson and Sheryl Gittlitz, Associates Eric Levine, Roxanne Mintz and Law Clerks Megan Burke and Kate Gracia.

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