Xerium Technologies (XRM) Secures Fifth Amendment to Credit Facility
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Xerium Technologies, Inc. (NYSE: XRM) has secured a fifth amendment to its existing senior credit facility. Citigroup Global Markets Inc. acted as the sole lead arranger, with more than 60 lenders participating. The term loan portions of the amended and restated $660 million Credit Facility mature on May 19, 2012, and the revolving credit portion matures on November 19, 2011. The amended facility requires the Company to comply with revised operating controls and financial covenants. The revised covenants place the Company in compliance with the financial requirements of the credit facility for the period ending and as of March 31, 2008.
Xerium Technologies, Inc. (Xerium) is a manufacturer and supplier of two categories of consumable products used primarily in the production of paper: clothing and roll covers. [SM]
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