BRIEF-Gentherm Inc Entered Fourth Amendment To Credit Deal
April 24 (Reuters) - Gentherm Inc:
* GENTHERM-ENTERED FOURTH AMENDMENT TO CREDIT DEAL TO PROVIDE U.S. DOLLAR DENOMINATED LOANS BEAR INTEREST AT BASE RATE/EUROCURRENCY RATE, PLUS MARGIN
* GENTHERM SAYS CREDIT AGREEMENT ALSO PROVIDES ALL LOANS DENOMINATED IN A CURRENCY OTHER THAN U.S. DOLLAR MUST BE EUROCURRENCY RATE LOANS - SEC FILING
* GENTHERM - FOURTH AMENDMENT ESTABLISHES MEANS FOR DETERMINING ALTERNATIVE FOR LIBOR IF DETERMINED THAT ASCERTAINING LIBOR IS NO LONGER POSSIBLE
* GENTHERM INC - FOURTH AMENDMENT ALSO MODIFIES MAXIMUM PERMITTED INVESTMENT IN VIETNAM WAS INCREASED TO $45 MILLION
* GENTHERM INC - FOURTH AMENDMENT ALSO MODIFIES MAXIMUM COMBINED PERMITTED INVESTMENT IN UKRAINE AND MACEDONIA WAS INCREASED TO $75 MILLION
* GENTHERM INC - FOURTH AMENDMENT ALSO MODIFIES MAXIMUM PERMITTED INDEBTEDNESS OF COMPANY'S MACEDONIA SUBSIDIARY WAS INCREASED TO $25 MILLION Source text (bit.ly/2HpmlWt) Further company coverage: