GenCorp amends loan, permitting $50 million increase in commitments

By Sara Rosenberg

New York, May 31 - GenCorp Inc. amended its credit facility, allowing for a $50 million increase to the revolver and/or term loan, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment lifts the aggregate limitation on sale leasebacks to $30 million from $20 million, provides greater flexibility to incur debt to support permitted acquisitions and increases certain restricted payment limits.

The amendment was completed on May 30.

Wells Fargo Bank is the administrative agent on the deal.

GenCorp is a Rancho Cordova, Calif.-based manufacturer and seller of aerospace and defense products and systems.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.