Rexnord terminates $100 million credit facility with Mizuho

Chicago, April 20 – Rexnord Corp. gave notice that it will be terminating a receivables funding and administration agreement between Rexnord Funding LLC and Mizuho Bank Ltd., as administrative agent and as a lender, according to an 8-K filing with the Securities and Exchange Commission.

The agreement involved the availability of a $100 million credit facility that was based on a security interest in all of Rexnord Funding’s future receivables and related assets.

Rexnord Funding will bring the outstanding principal amount to zero on May 17 and make all other payments and other fees due. There was zero principal amount outstanding on April 16.

Rexnord is a Milwaukee-based multi-platform industrial company.

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