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Middleby upsizes revolver to $497.83 million
By Sara Rosenberg
New York, Aug. 20 - Middleby Corp. increased the size of its revolving credit facility to $497.83 million from $450 million by using a portion of the available accordion feature, according to an 8-K filed with the Securities and Exchange Commission Wednesday.
Bank of America is the administrative agent on the deal.
The upsizing was effective as of Aug. 14.
The additional availability will be used to help fund the acquisition of TurboChef Technologies Inc., future acquisitions and general corporate purposes.
Middleby is an Elgin, Ill.-based developer, manufacturer and marketer of equipment used for commercial food cooking, preparation and processing.
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