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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents Facilty Amendment, Increase for Altra Industrial Motion
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
J.P. Morgan Securities [Joint Lead Arranger, Joint Bookrunner]
Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
KeyBanc Capital Markets [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Revolver Amendment, Increase
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Amount
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$425.000
Million
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Borrower(s)
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Altra Industrial Motion Corp.
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Description
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This amendment, which will become effective upon the closing of Altra’s purchase of Stromag (announced today in a separate release) increases Altra’s revolving credit facility by $75 million to $425 million. The Company expects to use the increased facility to finance Altra’s purchase of Stromag. The amendment also resets the possible expansion of up to $150 million of additional future loan commitments. In addition, the amendment increases the multicurrency sublimit to $250 million and adjusts certain financial covenants. The pricing terms and maturity date under the Credit Agreement remain unchanged.
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Industry
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Manufacturing
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| Related Tags |
J.P. Morgan Securities, JPMorgan Chase Bank, KeyBanc Capital Markets, Wells Fargo Securities
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ABL Advisor
Deal Tables
2024
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