Great Lakes Dredge & Dock amends equipment term loan, increasing leverage ratio

By Sara Rosenberg

New York, Oct. 4 - Great Lakes Dredge & Dock Corp. amended its equipment term loan, augmenting the maximum total leverage ratio to 5:60 to 1:00 for the four-quarter period ended Sept. 30, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

The amendment was completed on Sept. 28.

General Electric Capital Corp. is the agent on the deal.

Great Lakes is an Oak Brook, Ill.-based provider of dredging services.

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