Altra repays $60 million of outstanding term loan during third quarter

By Taylor Fox

New York, Oct. 23 – Altra Industrial Motion Corp. paid down $60 million of its outstanding term loan in the third quarter of 2020, according to a news release.

Altra’s cash balance was $238.7 million and availability under the revolver was $294.8 million at the end of the third quarter.

Altra is a Braintree, Mass.-based designer, producer and marketer of a wide range of electromechanical power transmission and motion-control products.

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