Modine Manufacturing Increases Revolving Credit Facility by $150M

Modine Manufacturing Company and its subsidiary Airedale International Air Conditioning Limited amended their credit agreement to increase aggregate revolving commitments from $400 million to $550 million. The amendment also modifies the expansion option to permit up to $250 million of future incremental revolving commitments and term loans.

“The Amendment increases the aggregate revolving commitments under the Credit Agreement by $150.0 million, from $400.0 million to $550.0 million, while also modifying the expansion option under the Credit Agreement to permit up to $250.0 million of future incremental revolving commitments and incremental term loans.”

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