exceeding-commissioner.blogspot.com
The agreement with U.S. bank lenderes provides for a total credit commitmentfof $105 million and a term of 24 The credit line consists of an $80 million revolvinbg line based on Northn American inventories and accounts receivable and a term loan of $25 milliohn payable in quarterly installments. The credit pact replacew the company's October 2006 $125 milliom unsecured credit facility. As part of the amendeds credit agreement, Gehl Co. has granted to its bank lenders a securitg interest in all of its NortyhAmerican assets.
The amended credit agreement addresseds matters that gave rise to an Aprip 16 forbearance agreement with the lendefr group that rescinds and withdraws a noticee of debt repayment delivered onMarch 31. That agreementg with lenders extended the repaymentof $117 million in debt undefr a revolving credit agreement, which serve s as the company's principal source of liquidity. Gehl said it has significantlhy reduced its outstanding borrowings using operating cash flows createe in part by the cost saving s initiatives implemented over thepast months.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น