Royster-Clark closes on new $225 million revolver

New York, Jan. 1 - Royster-Clark Inc. said it closed on a new $225 million three-year revolving credit facility.

U.S. Bank, CIT and Bank of America are the lead banks in the syndicate of nine lenders.

Compared to the old revolver, which would have expired in April 2004, the new facility is $20 million bigger, has lower interest rates but otherwise has substantially similar terms, the company said.

Royster-Clark is a New York-based distributor of fertilizer, seed and other farm products and a provider of agronomic services.

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