Brief: Trimas Corp Enters Into Replacement Facility Amendment To Credit Agreement

TriMas

30/03/2021 22:35

March 30 (Reuters) - TriMas Corp  TRS.O :
    * TRIMAS CORP - ENTERED INTO A REPLACEMENT FACILITY
AMENDMENT TO
CREDIT AGREEMENT, DATED AS OF OCTOBER 16, 2013
    * TRIMAS CORP - PURSUANT TO AMENDMENT, $300.0 MILLION
REVOLVING
CREDIT FACILITY WILL PERMIT BORROWINGS DENOMINATED IN SPECIFIC
FOREIGN CURRENCIES
    * TRIMAS CORP - $300.0 MILLION REVOLVING CREDIT FACILITY
WILL BE
SUBJECT TO A $125.0 MILLION (EQUIVALENT) SUBLIMIT & WILL MATURE
ON MARCH 29, 2026
    * TRIMAS CORP - CREDIT AGREEMENT ALSO PROVIDES INCREMENTAL
REVOLVING CREDIT FACILITY COMMITMENTS IN AN AMOUNT NOT TO EXCEED
GREATER OF $200.0 MILLION
    * TRIMAS CORP - CREDIT AGREEMENT ALLOWS FOR ISSUANCE OF
LETTERS OF
CREDIT, NOT TO EXCEED $40.0 MILLION IN AGGREGATE

Source: [ID:https://bit.ly/3df3Dhe]
Further company coverage:  TRS.O 

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