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Milacron amends loan, changing minimum cumulative consolidated EBITDA requirements
By Sara Rosenberg
New York, Oct. 4 - Milacron Inc. amended its credit facility, reducing the minimum cumulative consolidated EBITDA requirements for the three months ended Sept. 30 and the six months ending Dec. 31 (see table), according to an 8-K filed with the Securities and Exchange Commission Monday.
JPMorgan Chase Bank is the administrative agent on the loan.
The amendment became effective on Sept. 28.
Milacron is a Cincinnati supplier of plastics-processing technologies and industrial fluids.
Cumulative Consolidated EBITDA
Period Cumulative Consolidated EBITDA
Three complete calendar months ending Sept. 30, 2004 $8.0 million
Six complete calendar months ending Dec. 31, 2004 $24.0 million
Nine complete calendar months ending March 31, 2005 $32.3 million
Twelve complete calendar months ending June 30, 2005 $43.0 million
Twelve complete calendar months ending Sept. 30, 2005 $48.4 million
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