Blount begins talks on credit facility refinancing options

By Sara Rosenberg

New York, March 11 - Blount International Inc. has begun preliminary discussions with financial institutions and advisors concerning potential replacement financing options for its credit facility, according to a 10-K filed with the Securities and Exchange Commission on Wednesday.

The company's revolver matures on Aug. 9 and its term loan matures one year later on Aug. 9, 2010.

The company expects that, given the conditions of the global credit markets, any replacement financing will likely be more expensive and may contain more restrictive terms than its existing bank debt.

Blount is a Portland, Ore.-based manufacturer, marketer, seller and distributor of equipment, accessories, and replacement parts for the forestry, yard care and general contractor industries.

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