Xerium amends loan, raising pricing and adding call protection

By Sara Rosenberg

New York, July 2 - Xerium Technologies Inc. amended its senior credit facility, increasing pricing on the term loan by 75 basis points for 18 months and adding 101 soft call protection for one year, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Also, the amendment increased the maximum leverage ratio for the period beginning at the third quarter of 2012 through the fourth quarter of 2013, changed the leverage ratio definition and revised the consolidated operational restructuring costs definition.

Citibank is the administrative agent.

The amendment was completed on June 28.

Xerium is a Raleigh, N.C.-based manufacturer of clothing and roll covers used primarily in the paper production process.

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