Brief: Astec Enters Credit Agreement Of Up To $250 Mln

Astec Industries

20/12/2022 22:21

Dec 20 (Reuters) - Astec Industries Inc  ASTE.O :
    * ASTEC INDUSTRIES INC-ON DEC 19, 2022, ENTERED CREDIT
AGREEMENT
THAT PROVIDES REVOLVING CREDIT FACILITY, LETTER OF CREDIT
FACILITY, OF UP TO $250 MILLION
    * ASTEC INDUSTRIES INC-AGREEMENT ALSO PROVIDES INCREMENTAL
CREDIT
FACILITY IN AN AGGREGATE AMOUNT NOT TO EXCEED $125 MILLION
    * ASTEC INDUSTRIES INC-IN CONNECTION WITH ENTRY TO CREDIT
FACILITIES, CO REPAID ALL OUTSTANDING BORROWINGS UNDER PRIOR
$150 MILLION REVOLVING CREDIT FACILITY

Source: (https://bit.ly/3VaI1Xb)
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