Great Lakes amends revolver to cut lender, resulting in reduced size

By Sara Rosenberg

New York, Aug. 3 - Great Lakes Dredge & Dock Corp. amended its revolving credit facility during the second quarter to remove a defaulting lender, resulting in the reduction of the facility to $145 million from $155 million, according to a news release.

At June 30, the company had $128.4 million of borrowings available under the revolver.

Great Lakes is an Oak Brook, Ill.-based provider of dredging services and commercial and industrial demolition services.

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