BT Alex. Brown, Chase Manhattan Bank, and Merrill Lynch & Co. on Tuesday launched syndication of a $320 million leveraged loan backing the recapitalization of Werner Holding Co.

Bahrain-based Investcorp, an investment bank, will take a majority stake in closely held Werner, a Greenville, Pa.-based manufacturer of ladders and other climbing equipment and a producer of aluminum components for the auto parts industry.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.