Nortek Amends and Extends Asset Based Credit Agreement
Nortek, Inc. (Nasdaq: NTK) today announced that it has amended and extended its $300 million senior secured asset based revolving credit agreement.
The amendment lowers the interest rates payable by Nortek and extends the maturity from December 17, 2015 to June 13, 2017. Additionally, certain provisions of the credit agreement have been amended to enhance Nortek's financial and operational flexibility.
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