Regal Rexnord increases revolver to $775 million via accordion

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Regal Rexnord Corp. increased its revolving credit facility to $775 million from $525 million via an exercise in the facility B’s accordion feature on Nov. 1, according to an 8-K filing with the Securities and Exchange Commission.

The revolver is provided for by a credit agreement dated Aug. 27, 2018 with JPMorgan Chase Bank, NA as administrative agent.

Regal Rexnord manufactures electric motors, mechanical and electrical motion controls and power generation products and is based in Beloit, Wis.

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