Magnetek (MAG) Expands, Extends Revolving Facility
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Magnetek, Inc. (NYSE: MAG), has entered into an amendment of its revolving credit facility with Associated Bank, National Association, which extends the facility through June 2013.
The amended credit facility also expands the credit line from $7.5 million to $12.5 million. The credit facility may be used to fund working capital, letters of credit, and for other general corporate purposes.
The amended credit facility also expands the credit line from $7.5 million to $12.5 million. The credit facility may be used to fund working capital, letters of credit, and for other general corporate purposes.
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