Handy & Harman amends to get about $5.3 million additional term debt

By Sara Rosenberg

New York, May 18 - Handy & Harman amended its credit facility, providing for about $5.3 million in additional term loans, according to a 10-Q filed with the Securities and Exchange Commission on Monday.

Proceeds from the term loan were used to repay $5 million of the company's term loan B and the remaining amount will be available for operating and working capital purposes.

The amendment was completed on May 8.

Wachovia is the agent on the deal.

Handy & Harman is a Rye, N.Y.-based diversified manufacturer and the parent of a family of materials engineering and specialty manufacturing companies.

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