Greatbatch gets $235 million revolver

By Sara Rosenberg

New York, May 25 - Greatbatch Ltd. closed on a new $235 million secured revolving credit facility due May 22, 2012, according to an 8-K filed with the Securities and Exchange Commission Friday.

Manufacturers and Traders Trust Co. is the administrative agent on the deal.

Pricing on the revolver can range from Libor plus 100 to 200 basis points, based on leverage.

The commitment fee is currently set at 12.5 bps.

The facility has a one-year extension option and a $100 million accordion feature.

The new revolver, which was completed on May 22, replaces the company's $50 million amended and restated credit facility.

Greatbatch is a Clarence, N.Y.-based developer and manufacturer of batteries and other components.

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