U.S. manufacturing company, Brunswick, has completed the alteration of a revolving credit facility. As a part of the amendment, Brunswick has converted the facility into a secured asset-based facility and fixed its size at $400 million. The amendment to the facility, which contains a minimum fixed- charges coverage covenant, was led by JP Morgan Securities and will mature in May 2012. Brunswick Financial Services has also entered an agreement with GE Capital Solutions to alter the terms of its joint venture agreement.
Click here for the release from Brunswick.