Tuesday, July 20, 2004
Black Box Corporation Renews $120M Credit Facility
Black Box Corporation (NASDAQ:BBOX) announced today that it has renewed its existing credit facility for $120 million with terms substantially similar to its previous agreement. The current effective interest rate under this facility is LIBOR plus 75 basis points, or approximately 1.9%.
The Company’s revolving credit agreement is with a group of banks, with Citizens Bank of Pennsylvania as agent. The other banks include Wachovia Securities, as documentation agent; Comerica Bank, Fifth Third Bank, Fleet National Bank, National City Bank of Pennsylvania and Comerica Bank, all as co-agents; and Key Bank National Association and Mellon Bank, N.A., both as lenders. The agreement was extended until August 31, 2008.
Black Box is the world's largest technical services company dedicated to designing, building, and maintaining today's complicated network infrastructure systems. Black Box services clients of all sizes in 132 countries throughout the world.
Black Box Corporation