Blount expands credit agreements to $425 million

08/10/2010 | American City Business Journals

Blount International expanded credit facilities and renegotiated debt, allowing it to acquire SP Cos. for $90 million. The outdoor-product manufacturer's revised credit agreements, for which GE Capital Markets was the lead arranger, gave it access to $425 million in capital, up from $165 million. The company will also save as much as $7 million a year in borrowing costs.

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