U.S. diversified industrial company, Actuant,has added a total of $300 million to its existing senior credit facility. The amended loan now has a capacity of $700 million and a five year term.
The credit facility includes a $600 million revolver and a $100 million term loan and also includes an expansion option of $300 million. The facility was co-arranged by JP Morgan Securities, Merrill Lynch Pierce, Fenner & Smith, Wells Fargo Bank and U.S. Bank.
Click here for the release from Actuant.