Brief: Allied Motion Secures New $225 Million Credit Facility

Allient

12/02/2020 22:05

Feb 12 (Reuters) - Allied Motion Technologies Inc  AMOT.O :
    * ALLIED MOTION SECURES NEW $225 MILLION CREDIT FACILITY
    * ALLIED MOTION TECHNOLOGIES - OBTAINED SENIOR SECURED
CREDIT
FACILITY OF $225 MILLION WITH AN ACCORDION FEATURE ALLOWING
EXPANSION UP TO $300 MILLION
    * ALLIED MOTION TECHNOLOGIES INC - BORROWINGS WILL BEAR
INTEREST
ON A SLIDING-SCALE RATE BASED ON LEVERAGE OF 1.00% TO 1.75% OVER
LIBOR
    * ALLIED MOTION TECHNOLOGIES - AT CURRENT DEBT AND LEVERAGE
LEVELS, ANNUAL NET INTEREST EXPENSE IS REDUCED ABOUT $0.25
MILLION ON A PRE-TAX BASIS

Source text for Eikon:  ID:nBw8gPjKBa 
Further company coverage:  AMOT.O 

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