Milacron amends revolver, removing EBITDA requirement for 2006

By Sara Rosenberg

New York, Feb. 10 - Milacron Inc. amended its revolving credit facility, waiving 2006 minimum EBITDA requirements subject to liquidity conditions, according to a company news release.

The primary condition for the EBITDA requirement removal requires the company to maintain an average borrowing availability of $17.5 million.

At year-end 2005, the company's borrowing availability was about $37 million, which, combined with $46 million cash on hand, provided total liquidity in excess of $80 million.

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

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