CRA International amends loan, reducing size, pushing out maturity

By Sara Rosenberg

New York, Aug. 19 - CRA International Inc. amended its credit facility, reducing the line of credit to $60 million from $90 million and extending the maturity by two years to April 30, 2012, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

In addition, pricing on the facility was increased to a range of Libor plus 200 basis points to 350 bps from a range of 75 bps to 150 bps, and the unused fee was increased to 25 bps from 16.5 bps.

The amendment was completed on Aug. 18.

RBS Citizens is the lead on the deal.

CRA is a Boston-based provider of management, economic and financial consulting services.

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