Pool amends and restates revolver, increasing size, extending maturity

By Sara Rosenberg

New York, Dec. 20 - Pool Corp. amended and restated its unsecured revolving credit facility on Thursday, increasing the size to $240 million from $160 million and extending the maturity date by two years to Dec. 20, 2012, according to an 8-K filed with the Securities and Exchange Commission.

Also, pricing under the amended revolver has been improved to Libor plus 50 basis points to 125 bps, depending on leverage.

The company's $60 million term loan remains unchanged with a maturity date of Dec. 20, 2010.

Wachovia Bank was the lead arranger of the amended facility and will continue to act as the administrative agent, JPMorgan was syndication agent, and Capital One, Regions Bank and Wells Fargo Bank were co-documentation agents.

Pool is a Covington, La.-based wholesale distributor of swimming pool and related outdoor lifestyle products.

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