Cantel Medical increases revolver to $250 million, extends it to 2019

By Angela McDaniels

Tacoma, Wash., March 5 - Cantel Medical Corp. entered into an amended and restated credit facility that established new terms under its revolving credit facility with its existing bank group led by Bank of America, NA and including Wells Fargo Bank, NA and PNC Bank, NA, according to a company news release.

The amended and restated credit facility includes the following:

• An expansion of total borrowing capacity to $250 million from $150 million;

• A $100 million accordion feature;

• A decrease in the interest rate and annual commitment fee;

• The ability to borrow funds in all major currencies; and

• An extension of the credit facility's maturity date to March 4, 2019.

The company plans to use the new credit facility to refinance its borrowings under its existing facility and for capital expenditures, acquisitions and other general corporate purposes.

Cantel Medical makes infection prevention and control products and services for the health-care field. The company is based in Little Falls, N.J.

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