Jason amends credit agreement to decrease revolver, extend to 2020

By Sarah Lizee

Olympia, Wash., June 19 – Jason Inc. amended its first-lien credit agreement on June 14 to reduce the revolving loan facility to $34,285,714.29 from $40 million until June 30, 2019 and to $30 million until June 30, 2020, according to an 8-K filing with the Securities and Exchange Commission.

The revolver was previously set to mature on June 30, 2019.

Additionally, the uncommitted incremental term loan facility was reduced to $40 million from $80 million.

Bank of New York Mellon is successor to Deutsche Bank AG New York Branch as administrative agent.

Jason is a Milwaukee-based manufacturer of items within the seating, finishing, components and automotive acoustics markets.

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