Actuant Amends and Extends Senior Credit Facility Valued at 600 Million

Actuant Corporation

announced today that it has amended and extended its Senior Credit Facility (the "Credit Facility"). The amended Credit Facility continues to consist of a $600 million revolver and term loan, but the maturity date has been extended to July 2018 from February 2016. The expansion option was upsized to $350 million, subject to certain conditions. In addition, the amended agreement contains favorable adjustments to the pricing grid for borrowings, non-use and other fees, along with increased flexibility in other terms, conditions and covenants. "I am pleased with the terms of this agreement as it reflects our lender's recognition of Actuant's strong financial profile and provides flexibility for future growth opportunities," said Andrew Lampereur, Executive Vice President and Chief Financial Officer. "We thank our lending group for their ongoing support."