Brief: Gorman-Rupp Entered Amended & Restated Senior Secured Credit Deal

The Gorman-Rupp

03/06/2024 22:28

June 3 (Reuters) - Gorman-Rupp Co  GRC.N :
    * GORMAN-RUPP CO:ENTERED AMENDED & RESTATED SENIOR SECURED
CREDIT
DEAL WHICH AMENDS, EXTENDS,RESTATES SENIOR SECURED CREDIT
DEAL,DATED AS OF MAY 31,2022
    * GORMAN-RUPP CO: AMENDED & RESTATED SENIOR CREDIT AGREEMENT
PROVIDES FOR TERM LOAN FACILITY OF $370 MILLION, REVOLVING
CREDIT FACILITY OF UP TO $100 MILLION
    * GORMAN-RUPP CO -ON MAY 31, ENTERED INTO NOTE AGREEMENT BY
AND
AMONG THE COMPANY
    * GORMAN-RUPP CO -PURSUANT TO NOTE AGREEMENT, CO ISSUED $30
MILLION AGGREGATE PRINCIPAL AMOUNT OF 6.40% SENIOR SECURED NOTES
DUE MAY 31, 2031
    * GORMAN-RUPP CO -6.40% NOTES WILL MATURE ON MAY 31, 2031

Source text for Eikon:  ID:n0001193125-24-153098 
Further company coverage:  GRC.N 

 ((Reuters.Briefs@thomsonreuters.com;))