Kaman Closes on New $150 Million Five-Year Revolving Credit Facility
August 05 2005 - 3:55PM
PR Newswire (US)
BLOOMFIELD, Conn., Aug. 5 /PRNewswire-FirstCall/ -- Kaman Corp.
(NASDAQ:KAMNA) announced that today it replaced its expiring
five-year $150 million revolving credit facility with a new $150
million revolving credit facility expiring August 4, 2010. Lenders
include The Bank of Nova Scotia and Bank of America, N.A. as
Co-Administrative Agents for the banks, and JPMorgan Chase Bank,
N.A., KeyBank National Association, Citibank, N.A. and Webster Bank
National Association. Bank of America, N.A. will serve as
Administrator. The Bank of Nova Scotia and Banc of America
Securities brought the facility to market as Co-Lead Arrangers and
Book Managers with JPMorgan Chase Bank, N.A. as Syndication Agent
and KeyBank National Association as Documentation Agent. The new
facility carries a financial covenant package similar to the
facility it replaced. Standard & Poor's has assigned the new
facility an investment grade rating of BBB-. DATASOURCE: Kaman
Corp. CONTACT: Russell H. Jones, SVP, Chief Investment Officer
& Treasurer for Kaman Corp., +1-860-243-6307, Web site:
http://www.kaman.com/ Company News On-Call:
http://www.prnewswire.com/comp/480450.html
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