Angelica amends loan, increasing revolver to $150 million

By Sara Rosenberg

New York, Aug. 2 - Angelica Corp. amended its credit facility, increasing the revolver size to $150 million, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

In addition, the amendment allows for certain add-backs in determining EBITDA and revises the definition of funded indebtedness.

The amendment is effective as of July 28.

LaSalle Bank is the agent on the deal.

Angelica is a Chesterfield, Mo.-based provider of textile rental and linen management services principally to health care industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.