Brief: Regal Rexnord Announces Successful First Phase Of Financing For Proposed Acquisition Of Altra

Regal Rexnord

17/11/2022 22:00

Nov 17 (Reuters) - Regal Rexnord Corp  RRX.N :
    * REGAL REXNORD ANNOUNCES SUCCESSFUL FIRST PHASE OF
FINANCING FOR
PROPOSED ACQUISITION OF ALTRA
    * REGAL REXNORD CORP - COMPANY ENTERED INTO AN AMENDMENT TO
ITS
EXISTING SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS
OF MARCH 28, 2022
    * REGAL REXNORD CORP - PURSUANT TO AMENDMENT, CO WILL UPSIZE
ITS
EXISTING SENIOR UNSECURED REVOLVING CREDIT FACILITY BY $500
MILLION
    * REGAL REXNORD CORP - PURSUANT TO AMENDMENT, COMPANY
RECEIVED
INCREMENTAL TERM LOAN A COMMITMENTS OF $600 MILLION
    * REGAL REXNORD CORP - PURSUANT TO AMENDMENT, OUTSTANDING
COMMITMENTS UNDER COMPANY'S BACKSTOP FACILITY HAVE BEEN REDUCED
TO ZERO
    * REGAL REXNORD CORP - PURSUANT TO AMENDMENT OUTSTANDING
COMMITMENTS UNDER COMPANY'S BRIDGE FACILITY HAVE BEEN REDUCED TO
$4.9 BILLION

Source text for Eikon:  ID:nPn71lzhZa 
Further company coverage:  RRX.N 
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