Kaman has closed on an amended $800 million credit facility. JPMorgan Chase Bank, Bank of America Securities and Citizens Bank served as joint bookrunners and joint lead arrangers.
The new credit facility amends the company’s prior credit facility to, among other things: extend the maturity date to December 2024; increase the aggregate amount of revolving commitments from $600 million to $800 million; modify the affirmative and negative covenants set forth in the facility; and modify a number of terms and provisions of the facility, including its pricing.
