Kaman Corp. signed an expanded $700 million credit pact that provides the Bloomfield aero-industrial parts maker-distributor greater financial flexibility and liquidity.
The new credit facility, among other things, extends the old one’s maturity date five years, to May 2020, and raises the aggregate revolving credit limit from $400 million to $600 million, Kaman said Thursday.
The facility was brought to market by joint bookrunners and joint-lead arrangers J.P. Morgan Securities LLC; Merrill Lynch, Pierce, Fenner & Smith Inc.; and Citizens Bank.
