Milacron gets $105 million asset-based revolver

By Sara Rosenberg

New York, Dec. 20 - Milacron Inc. closed on a new $105 million five-year asset-based revolving credit facility, according to a company news release.

General Electric Capital Corp. acted as the lead bank on the deal.

The revolver is comprised of a facility with up to $95 million of borrowing capacity and an overadvance facility with up to $10 million of borrowing capacity.

There are no performance covenants as long as the company complies with certain minimum availability thresholds.

The new revolver replaces the company's existing $75 million ABL revolver, which was due to expire in 2008.

Milacron is a Cincinnati-based supplier of plastics-processing technologies and industrial fluids.

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