Shearman & Sterling advised Bank of America, N.A. as Lead Arranger, Administrative Agent and Lender on a $300mm unsecured term loan facility for James Hardie International Finance Designated Activity Company to finance the pay down of the company’s existing revolving credit facility and general corporate purposes.
Headquartered in Chicago, Illinois, James Hardie is a leading global manufacturer and marketer of fiber cement products, including sidings and backerboard. Its fiber cement products are used in a number of markets, including new residential construction, manufactured housing, repair and remodeling and a variety of commercial and industrial applications. James Hardie’s key geographic markets include North America, Australia, parts of Europe, New Zealand and the Philippines.