EnPro Industries, Inc. has amended and restated its senior secured revolving credit facility to provide for a five-year, senior secured revolving credit facility of $300.0 million (the “Revolving Credit Facility”). Borrowing availability under the Revolving Credit Facility is not limited by reference to a borrowing base. Initially, borrowings under the Revolving Credit Facility bear interest at an annual rate of LIBOR plus 1.75% or base rate plus 0.75%, although the interest rates under the Revolving Credit Facility are subject to incremental increases based on a consolidated total leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the Revolving Credit Facility at an annual rate of 0.20%, which rate is also subject to incremental increases based on a consolidated total leverage ratio.

An 8-K filing with the Securities and Exchange Commission notes that on Aug. 28,  EnPro entered into an Amended and Restated Credit Agreement (the “Amended Credit Agreement”)  among the Company and Coltec Industries Inc, a wholly owned subsidiary of the Company (“Coltec”), as borrowers, the guarantors party thereto, the lenders party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer.

EnPro intends to use borrowings under the Revolving Credit Facility to fund the purchase of its 3.9375% Convertible Senior Debentures due 2015 pursuant to its previously announced cash tender offer.

EnPro Industries, Inc. is a leader in sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in critical applications by industries worldwide.