Technical Olympic amends loan, changing borrowing base, providing collateral

By Sara Rosenberg

New York, Oct. 23 - Technical Olympic USA Inc. amended its $800 million revolving credit facility on Monday, modifying the borrowings base and providing collateral to secure loan obligations as opposed to it being unsecured, according to an 8-K filed with the Securities and Exchange Commission.

Citigroup is the agent on the deal.

Technical Olympic is a Hollywood, Fla.-based designer, builder and marketer of single-family residences, town homes and condominiums.

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