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REV Group expands borrowing capacity of ABL facility to $450 million
By Marisa Wong
Morgantown, W.Va., Dec. 22 – REV Group, Inc. entered into an incremental commitment agreement on Dec. 22 with lenders under its existing revolving credit agreement dated April 25, 2017, according to an 8-K filing with the Securities and Exchange Commission.
The commitment agreement provides for incremental borrowing capacity of $100 million under the company’s ABL agreement, increasing total borrowing capacity from to $450 million from $350 million.
No other changes were made to any of the other terms and conditions of the ABL facility.
Based in Milwaukee, REV Group is a designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services.
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