Giant Industries amends credit facility to increase size, cut costs, change covenants

New York, June 29 - Giant Industries Inc. said it amended and restated its revolving credit facility, increasing the size to $175 million from $100 million.

The revised loan also has lower borrowing costs, easier covenants and matures in 2010.

There is a $75 million accordion feature.

Bank of America, NA is administrative agent, swing line lender and issuing bank for the Scottsdale, Ariz., petroleum products refiner and marketer's credit facility.

© 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.