zvonkovaleoqim.blogspot.com
The agreement with U.S. bank lenders provides for a tota l credit commitmentof $105 million and a term of 24 The credit line consists of an $80 millionj revolving line based on Nortj American inventories and accounts receivable and a term loan of $25 millionh payable in quarterly installments. The credit pact replaces the company's October 2006 $125 millionn unsecured credit facility. As part of the amendede credit agreement, Gehl Co. has granted to its bank lenders a securityh interest in all of its NortuhAmerican assets.
The amended creditt agreement addresses matters that gave rise to an Aprikl 16 forbearance agreement with the lender group that rescindss and withdraws a notice of debt repayment delivered onMarch 31. That agreemenyt with lenders extended the repaymentof $117 million in debt under a revolving credit agreement, whicnh serves as the company's principal source of liquidity. Gehl said it has significantlhy reduced its outstanding borrowings using operating cash flowws created in part by the cost savingw initiatives implemented over thepast months.
ليست هناك تعليقات:
إرسال تعليق