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BRIEF-Commercial Vehicle Group announces intent to refinance 7.875% senior secured notes

March 13 Commercial Vehicle Group Inc

* Commercial Vehicle Group announces intent to refinance 7.875% senior secured notes

* Commercial Vehicle Group Inc - company expects to close refinancing after redemption premium on 7.875% notes steps down to zero in April of this year

* Commercial Vehicle Group Inc - its intention to refinance company's $235 million 7.875% notes due April 2019 with an institutional term loan

* Commercial Vehicle Group Inc - also intend to upsize our abl facility to $65 million in conjunction with refinancing of notes

* Commercial Vehicle Group Inc - revenues are estimated at $157.0 - $167.0 million for three months ending march 31, 2017

* Commercial Vehicle Group Inc - pro forma for expected refinancing, cash on balance sheet will approximate $65 million and debt will be $175 million

* Commercial Vehicle Group Inc - operating income is estimated at $3.8 - $4.4 million for three months ending march 31, 2017

* Commercial Vehicle Group Inc - for three months ending March 31, 2017, adjusted EBITDA is estimated at $8.5 - $9.3 million Source text for Eikon: Further company coverage:

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