Actuant amends loan, increasing size, extending maturity

By Sara Rosenberg

New York, Nov. 10 - Actuant Corp. amended its credit facility, increasing the size by $110 million to $515 million and extending the maturity so that it's due in three years, according to a news release.

The facility includes a $400 million revolver and a $115 million term loan.

Borrowings under the facility are subject to a pricing grid, with initial pricing set at Libor plus 250 basis points.

JPMorgan, Bank of America and Wells Fargo are the lead banks on the deal.

Actuant is a Butler, Wis.-based diversified industrial company.

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