GEHL amends loan, providing borrowings of $105 million for 24 months

By Sara Rosenberg

New York, June 29 - GEHL Co. amended its credit facility, allowing for continued borrowing over the next 24 months under a total credit commitment of $105 million, according to a news release.

The facility includes an $80 million revolver and a $25 million term loan, with both tranches due June 26, 2011.

As part of the amendment, the company has granted lenders a security interest in all of its North American assets.

The amended facility replaces the company's $125 million unsecured credit facility.

GEHL is a West Bend, Wis.-based manufacturer and distributor of compact equipment used in construction and agricultural markets.

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