Brief: Eastern Company Announces a $90 Mln 5-Year Credit Facility

Eastern

20/06/2023 17:19

June 20 (Reuters) - Eastern Company  EML.O :
    * EASTERN COMPANY - ON JUNE 16, ENTERED INTO A CREDIT
AGREEMENT
AND A RELATED SECURITY AGREEMENT AND RELATED ANCILLARY
AGREEMENTS
    * EASTERN COMPANY - CREDIT AGREEMENT PROVIDES CO, AS
BORROWER,
WITH A $90 MILLION FIVE-YEAR SENIOR SECURED CREDIT FACILITY
    * EASTERN COMPANY - CREDIT FACILITY CAN BE INCREASED BY UP
TO $75
MILLION UNDER CERTAIN CIRCUMSTANCES AND SUBJECT TO CERTAIN
CONDITIONS