Esco Technologies amends and extends $450 million revolving facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Esco Technologies Inc. has amended and extended its $450 million revolving credit facility, according to Tuesday press release.

The new five-year agreement amends and restates the previous credit facility dated May 14, 2012 to extend the maturity date to Dec. 21, 2020 from May 13, 2017 and reduces the outstanding borrowing rates and commitment fees.

The size of the revolver and a $250 million accordion feature remain the same.

Proceeds will be used for general corporate purposes, including working capital, research and development spending, capital expenditures and acquisitions.

The bank syndication is led by JPMorgan Chase Bank, NA as administrative agent.

St. Louis-based Esco designs and manufactures filtration and fluid flow products, develops technologies to enhance utility performance and provides products for the detection, measurement and management of electromagnetic, magnetic and acoustic energy.

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