Barnes Group Inc. entered into an amendment to its existing revolving credit agreement with certain participating banks and financial institutions. Bank of America, N.A. continues to act as Administrative Agent for the lenders. The Company, together with Barnes Group Acquisition GmbH, Barnes Group Switzerland GmbH, and Barnes Luxembourg (No. 1) S.à r.l., are the Borrowers.
The Amended Credit Agreement increases the borrowing availability under the existing facility to $1,000,000,000 by exercising $150,000,000 of its accordion feature. The residual amount under the accordion feature of the existing facility is $200,000,000.