Other Dec 2009 Verified
Modine Amends Credit and Note Agreements
Modine Manufacturing entered into amendments to its credit agreement and note purchase agreements to permit certain corporate restructuring activities, including the sale of Modine Climate Systems GmbH stock, unrestricted intercompany transactions among Modine Holding GmbH subsidiaries, and the formation of a new subsidiary in Korea.
“The Company entered into the Amendments to amend certain provisions of the Credit Agreement, the 2006 Note Purchase Agreement and the 2005 Note Purchase Agreement.”
Entities
Bank of America, N.A. · Lender Comerica Bank · Lender Dresdner Bank AG (Commerzbank AG) · Lender JPMorgan Chase Bank, N.A. · Lender M&I Marshall & Ilsley Bank · Lender Modine Manufacturing Company · Mentioned U.S. Bank, National Association · Lender Wells Fargo Bank, N.A. · Lender
HVAC Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.