Mac-Gray amends loan, increasing allowable restricted payments amount

By Sara Rosenberg

New York, Feb. 11 - Mac-Gray Corp. amended its credit facility, increasing the limit on restricted payments to $10.25 million with a sub-limit on share repurchases of $6 million, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

The amendment was completed on Feb. 5.

Bank of America is the administrative agent on the deal.

Mac-Gray is a Waltham, Mass.-based provider of laundry facilities management services.

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