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BRIEF-Gardner Denver announces credit agreement amendment, expected reduction in borrowing costs
August 18, 2017 / 7:46 PM / 3 months ago

BRIEF-Gardner Denver announces credit agreement amendment, expected reduction in borrowing costs

Aug 18 (Reuters) - Gardner Denver Holdings Inc:

* Gardner Denver announces credit agreement amendment and expected reduction in borrowing costs

* On August 17 entered into amendment to its existing credit agreement that repriced and extended its term loan facilities​

* Amendment extended maturity for both U.S. Dollar and Euro term loans to July 2024

* Amendment refinanced senior secured term loan facility with replacement $1,285.5 million senior secured term loan facility​

* Amendment refinanced existing senior secured Euro term loan facility with replacement EUR 615.0 million senior secured Euro term loan facility​

* ‍Expects to realize annualized interest expense savings about $18 million based on current principal balance outstanding Source text for Eikon: Further company coverage:

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