Symmetry Medical amends and restates, adding new term debt, accordion feature

By Sara Rosenberg

New York, June 14 - Symmetry Medical Inc. amended and restated its credit facility, adding a new $40 million term loan due June 13, 2011 and a $75 million accordion feature.

The term loan can carry an interest rate ranging from Libor plus 100 to 200 basis points, based on leverage.

The amendment and restatement was completed on June 13.

Wachovia Bank acted as administrative agent, General Electric Capital Corp. as syndication agent, and CIT Lending Services Corp. and Charter One Bank as documentation agents.

Symmetry Medical is a Warsaw, Ind.-based designer, developer and producer of implants and related instruments and cases for orthopedic device manufacturers.

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