Rogers Corp. has upped its credit line by an extra $100 million, financing that gives the Killingly manufacturer flexibility to expand its line of electronic and specialty components, including through acquisitions, a regulatory filing shows.
According to Rogers’ 8-K filing with the Securities and Exchange Commission, amended its five-year secured $165 million credit pact signed last Nov. 23 with a lender consortium led by JPMorgan Chase Bank by adding a $100 million term loan.
The revised agreement also extended maturity from Nov. 23, 2014 to July 13, 2016 and cut 25 basis points from the borrowing spread, the filing shows.
The other lenders: HSBC Bank USA, National Association; RBS Citizens; Fifth Third Bank; and Citibank.
Rogers did not specify in the filing how it intends to use the extra financing.
The company makes, among other things, printed circuit boards and foam materials used in wireless and other portable electronic devices.
