Allient (ALNT) said Friday it has amended its 2024 credit facilities through 2025 and executed a new interest rate swap deal.
The amended credit facilities allow the company up to $4 million in acquisition, business retention, restructuring, integration, and realignment costs to be included in its EBITDA calculation during any trailing 12-month period, Allient said.
The company also said the new interest rate swap agreement, effective from Sept. 30, hedges $50 million of its debt over a three-year period.
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