Nortek pays down $20 million of its revolver since the second quarter

By Susanna Moon

Chicago, Aug. 9 - Nortek, Inc. paid down another $20 million of its revolving credit facility after the end of its second quarter, according to an earnings release for the quarter ended July 2.

As of July 2, Nortek had about $117 million of outstanding debt under its revolver and $42 million of unrestricted cash, cash equivalents and marketable securities.

Nortek is a Providence, R.I.-based manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products.

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