Fedders gets $75 million amended and restated credit facility

By Sara Rosenberg

New York, Feb. 6 - Fedders Corp. closed on a new $75 million five-year amended and restated secured credit facility, according to an 8-K filed with the Securities and Exchange Commission Monday.

Wachovia Capital Markets LLC and The CIT Group Business Credit Inc. acted as the lead banks on the deal.

The facility was completed on Jan. 31.

Fedders is a Liberty Corner, N.J.-based manufacturer and marketer of air conditioners, air cleaners, dehumidifiers, humidifiers and thermal technology products for the residential, commercial and industrial markets.

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