May 19 (Reuters) - Timminco Ltd:
* Announces credit agreement amendments
* Says term loan bearing interest at the applicable libor rate plus 5.25% per
annum
* Says total credit commitment under the credit agreement remains at US$50.0
million
* Says to establish a US$11.0 million term loan facility under the existing
credit agreement
* Says financial covenants in the credit agreement have also been revised.
* Says the maturity date of the credit agreement has been extended by three
months, to September 30, 2010
* Says reduced the availability under the revolving credit facility by
approximately US$11.0 million
* Says is not required to make any immediate repayment on the outstanding
amount of the revolving credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces credit agreement amendments
* Says term loan bearing interest at the applicable libor rate plus 5.25% per
annum
* Says total credit commitment under the credit agreement remains at US$50.0
million
* Says to establish a US$11.0 million term loan facility under the existing
credit agreement
* Says financial covenants in the credit agreement have also been revised.
* Says the maturity date of the credit agreement has been extended by three
months, to September 30, 2010
* Says reduced the availability under the revolving credit facility by
approximately US$11.0 million
* Says is not required to make any immediate repayment on the outstanding
amount of the revolving credit facility
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.