Actuant gets amended $300 million term loan, $600 million revolver

By Susanna Moon

Chicago, May 8 – Actuant Corp. said it amended its senior credit facility, extending the maturity to May 2020.

The amended facility was upsized to include a $300 million term loan, increased from the outstanding $87 million balance, combined with a $600 million revolver, according to a company press release.

In addition, the amended facility reduces pricing and adds more flexibility in other terms, conditions and covenants, the company said.

The maturity was extended from July 2018.

Actuant is a Menomonee Falls, Wis.-based diversified industrial company that manufactures branded hydraulic tools, specialized products and services for energy markets and highly engineered position- and motion-control systems.

© 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.