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BRIEF-Tennant and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement - SEC Filing
April 5, 2017 / 8:54 PM / 3 months ago

BRIEF-Tennant and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement - SEC Filing

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April 5 (Reuters) - Tennant Co

* Tennant Co - On April 4, 2017, co and foreign subsidiary borrowers from time to time party thereto entered into a credit agreement - SEC Filing

* Tennant Co - Agreement provides co, certain foreign subsidiaries access to a senior secured credit facility until April 4, 2022

* Tennant- Agreement consisting of multi-tranche term loan facility up to $400 million, revolving facility up to $200 million with option to expand by $150 million

* Tennant Co - In connection with agreement, co granted lenders a security interest in substantially all its personal property

* Tennant Co - In connection with agreement, co pledged stock of its domestic subsidiaries and 65 percent of stock of its first tier foreign subsidiaries Source text: [bit.ly/2o4CpRZ] Further company coverage:

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