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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents Credit Facility Amendment for ESCO Technologies
Monday, December 28, 2015
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Lenders/Participants
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JPMorgan Chase Bank [Administrative Agent]
Bank of America [Co-Documentation Agent]
BMO Harris Bank [Co-Documentation Agent]
SunTrust Bank [Co-Documentation Agent]
Wells Fargo Bank [Co-Documentation Agent]
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Structure
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Revolver Amendment
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Amount
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$450.000
Million
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Borrower(s)
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ESCO Technologies, Inc.
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Description
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Company amended its existing Credit Agreement (i) to extend the maturity date of the credit facility from May 13, 2017 through December 21, 2020, (ii) to reduce the Facility Fee payable on undrawn funds, and (iii) except when the Registrant’s Leverage Ratio is less than 1.00, to reduce the rate payable by the Registrant on borrowed funds. Consistent with the prior credit agreement, the amended facility includes a $450 million revolving line of credit as well as provisions allowing for the increase of the credit facility commitment amount by an additional $250 million, if necessary, with the consent of the lenders. Proceeds from the amended facility will be used to provide liquidity for general corporate purposes, including working capital, research and development spending, capital expenditures, and acquisitions.
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Industry
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Technology
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| Related Tags |
Bank of America, BMO Harris Bank, JPMorgan Chase, SunTrust Bank, Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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