Allied Motion gets $225 million five-year senior secured revolver

By Sarah Lizee

Olympia, Wash., Feb. 12 – Allied Motion Technologies Inc. obtained a new $225 million five-year senior secured revolving credit facility, according to a press release.

An accordion feature allows expansion of the revolver up to $300 million.

Borrowings will bear interest on a sliding-scale rate based on leverage of 100 basis points to 175 bps over Libor.

The revolver is secured by substantially all of the company’s non-realty assets and is fully and unconditionally guaranteed by some of the company’s subsidiaries.

HSBC Bank USA is the lead bank, as well as the administrative and collateral agent.

Allied Motion designs, manufactures and sells precision and specialty motion control components and systems for vehicle, medical, aerospace and defense, electronics and industrial markets. The company is based in Amherst, N.Y.

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