EDO gets $300 million revolver

By Sara Rosenberg

New York, Nov. 10 - EDO Corp. closed on a new $300 million revolving credit facility due Nov. 4, 2010, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Citicorp acted as administrative agent, Wachovia as syndication agent and Bank of America as documentation agent.

Borrowings carry an interest rate that can range from Libor plus 100 to 200 basis points, based on leverage, and there is a 50 bps commitment fee.

EDO is a New York-based provider of military and commercial products and professional services.

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