Calgon Carbon ups revolver to $125 million, extends by five more years

By Susanna Moon

Chicago, Nov. 18 - Calgon Carbon Corp. said it amended its revolving credit facility Thursday, expanding the size to up to $125 million and extending the term to Nov. 17, 2016.

The facility may be increased to $175 million and replaces the company's $95 million five-year credit agreement, according to a company press release.

First Commonwealth Bank is the administration and syndication agent, and RBS Citizens, NA and First National Bank of Pennsylvania are co-documentation agents.

"These amendments, which include increasing our borrowing capacity, extending the agreement's expiration date, lowering our borrowing costs, eliminating the banks' security interests in our assets, and reducing or eliminating many of the prior restrictive provisions, position us well for the ongoing execution of our strategic plan," Steve Schott, Calgon Carbon's chief financial officer, said in the release.

Calgon is a Pittsburgh-based provider of services and products for purifying water and air.

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