Kansas City Southern amends loan to up revolver size, reduce interest rates

By Sara Rosenberg

New York, Oct. 6 - Kansas City Southern amended its credit facility, increasing its revolver size to $125 million from $100 million, decreasing its revolver spread by 50 basis points and decreasing its term loan spread by 25 basis points, according to an 8-K filed with the Securities and Exchange Commission Thursday.

Furthermore, the amendment eliminated the capital expenditure limit covenant.

The revolver matures on March 20, 2007, and the term loan matures on March 20, 2008.

The amendment was completed on Sept. 30.

Kansas City Southern is a Kansas City, Mo., freight transporter.

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