Drew Industries extends, increases shelf-loan facility to $150 million

By Lisa Kerner

Charlotte, N.C., Feb. 25 - Drew Industries Inc. amended its $125 million shelf-loan facility with Prudential Investment Management, Inc. and its affiliates, increasing the facility to $150 million and extending the expiration date to Feb. 24, 2014 from Nov. 25, 2011.

The facility provides for Prudential to purchase senior promissory notes with a floating interest rate that mature no more than 12 years after the date of issue, according to a form 8-K filing with the Securities and Exchange Commission.

Drew Industries is a White Plains, N.Y.-based supplier of recreational vehicle and manufactured home components.

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