SPX tweaks credit terms under senior facilities with Bank of America

By Susanna Moon

Chicago, May 9 - SPX Corp. amended its senior credit facilities Wednesday with Bank of America, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment revised the definition of LIBO rate in case Libor is unavailable and the definition of consolidated EBITDA for the add-back of non-cash compensation expenses to confirm the add-back of the non-cash compensation expense of SPX's contribution of its stock to its 401(k) program, the filing noted.

Deutsche Bank AG Deutschlandgeschaft Branch is the foreign trade facility agent.

SPX is a Charlotte, N.C.-based provider of flow technology, test and measurement, thermal equipment and services and industrial products and services.

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