Texas Industries Amends Credit Agreement
June 25, 2009
Dallas-based building materials provider Texas Industries amended its credit facility to allow it to borrow an additional $100 million under its credit facility, according to a SEC document filed Wednesday.
The credit agreement provides a $200 million senior secured revolving credit facility, but now the company can increase the principal amount by an additional $100 million. The credit facility matures August 15, 2012 and debt drawn under the facility will have interest of either Libor plus a 3.5% to 4% margin or a base rate plus a 2.5% to 3% margin.
Bank of America served as administration agent for the agreement and is a lender.
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