Dayton Superior Amends Credit Agreement

April 17, 2009
Dayton Superior Corp., leading North American provider of specialized products for the nonresidential concrete construction market and largest concrete forming and shoring rental company serving the domestic, non-residential construction market, last week said it has entered into a third amendment to its revolving credit agreement with the lender under its $150 million revolving credit facility and a fourth amendment to the term loan credit agreement under its $100 million term loan credit facility. The credit agreement amendments will provide the Dayton, Ohio-based company with additional time to evaluate its alternatives.

Dayton Superior Corp., leading North American provider of specialized products for the nonresidential concrete construction market and largest concrete forming and shoring rental company serving the domestic, non-residential construction market, last week said it has entered into a third amendment to its revolving credit agreement with the lender under its $150 million revolving credit facility and a fourth amendment to the term loan credit agreement under its $100 million term loan credit facility. The credit agreement amendments will provide the Dayton, Ohio-based company with additional time to evaluate its alternatives.

Dayton Superior is evaluating possible strategic alternatives, including the possible sale of the company or a controlling interest in the company, or options to refinance or otherwise restructure the company’s outstanding indebtedness.

Dayton Superior is No. 30 on the RER 100.