April 13, 2017 / 10:36 AM / 3 months ago

BRIEF-Commercial Vehicle Group entered into a $175 mln secured credit facility

1 Min Read

April 13 (Reuters) - Commercial Vehicle Group Inc

* Commercial Vehicle Group Inc - on April 12, 2017, co entered into a $175 million secured credit facility - SEC filing

* Commercial Vehicle Group Inc - term loan facility matures on April 12, 2023

* Commercial Vehicle Group Inc - company may increase amount outstanding under term loan facility by $20 million plus additional incremental term loans

* Commercial Vehicle Group Inc - proceeds of term loans to be used fund redemption, of all of co's outstanding 7.875% senior secured notes due 2019

* Commercial Vehicle - amounts outstanding under term loan deal accrue interest at per annum rate equal to base rate plus 5.00% or LIBOR rate plus 6.00% Source text for Eikon: (bit.ly/2nI258v) Further company coverage:

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