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Actuant Corp Amends and Extends Senior Credit Facility


Thursday, 18 Jul 2013 05:00pm EDT 

Actuant Corp announced that it has amended and extended its senior credit facility. The amended credit facility continues to consist of a $600 million revolver and term loan, but the maturity date has been extended to July 2018 from February 2016. The expansion option was upsized to $350 million, subject to certain conditions. In addition, the amended agreement contains favorable adjustments to the pricing grid for borrowings, non-use and other fees, along with increased flexibility in other terms, conditions and covenants. 

Company Quote

29.62
0.06 +0.20%
20 Oct 2014