Gibraltar entered into a five-year $250-million revolving credit facility as of April 1. The facility, which includes a $50-million expansion feature, replaces the company's existing credit facility. The banking syndication with nine banks was led by KeyBank.

Gibraltar plans to use its credit facility for working capital and general corporate purposes, internal growth initiatives, and the funding of acquisitions.

"As a result of Gibraltar's steady growth and consistent performance during our first 11 years as a public company, we were able to negotiate a new credit facility with better terms, greater flexibility, and lower overall costs. Our restructured balance sheet puts us in an excellent position to continue to grow our sales and earnings as we move forward," said Brian J. Lipke, Gibraltar's Chairman and CEO.

Gibraltar Industries is a leading manufacturer, processor, and distributor of metals and other engineered materials for the building products, vehicular, and other industrial markets. The company serves approximately 10,000 customers in a variety of industries in all 50 states, Canada, Mexico, Europe, Asia, and Central and South America. It has approximately 3,600 employees and operates 73 facilities in 26 states, Canada, and Mexico.