Credit Suisse First Boston is leading a $925 million syndicated loan for Hexcel Corp.'s buyout of Clark-Schwebel Inc., a market source said.
The investment bank has planned a bank meeting for Tuesday. Hexcel and Credit Suisse First Boston have agreed on a two-part leveraged financing, but pricing was not disclosed, the source said.
Hexcel, which announced the deal Monday, was advised by Donaldson Lufkin & Jenrette, but Credit Suisse First Boston had worked with it on three previous financings.
Both companies specialize in high-tech materials, including light-weight structural materials for jet aircraft and circuit boards.