MTC Technologies amends revolver, increasing size to $85 million

By Sara Rosenberg

New York, Jan. 3 - MTC Technologies Inc. amended its revolving credit facility, increasing the size to $85 million from $55 million and modifying some financial covenants and their definitions, according to an 8-K filed with the Securities and Exchange Commission Monday.

The amendment became effective on Dec. 28. National City Bank is the lead arranger and administrative agent on the loan.

MTC is a Dayton, Ohio, provider of system engineering, intelligence, information technology and program management solutions, primarily to the Department of Defense and various intelligence agencies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.