Friday, February 03, 2012

Home News Modine completes debt refinancing

Modine completes debt refinancing

Company finalizes 4-year, $145 million financing program

David Kuack | September 6, 2010 |

Font Size

Modine Mfg. Co. (NYSE: MOD), which focuses on thermal management technology and solutions including greenhouse heating, has completed the refinancing of its long-term debt. The company has finalized a four-year, $145 million revolving credit facility with a syndication of six financial institutions led by JPMorgan Chase Bank as administrative agent, LC issuer, swing line lender and as a lender. Also in the syndicate are U.S. Bank and Wells Fargo Bank as syndication agents and as lenders, M&I Marshall & Ilsley Bank, as documentation agent and as a lender and associated bank and Comerica Bank as lenders. The new credit facility also includes an accordion provision of $50 million.

Top news

USDA unveils new Plant Hardiness Zone Map

New version of the map includes 13 zones, with the addition for the first time of zones 12 and 13

National Wildlife Federation and ScottsMiracle-Gro end partnership

NWF says SMG guilty verdict in case from 2008 prompted the dissolution

Ag college dean rebukes Yahoo story on 'useless' college majors

Author listed ag and hort degrees in the top five

Under the Sea Coleus wins Garden Idol at ANLA Clinic

Attendees used text messaging to vote and name this series their top pick

Researchers investigate solar panels for greenhouses

The system allows electricity to be generated without the crops being affected by over-shading