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Garlock parent completes $300 million credit facility

Rochester Business Journal
August 28, 2014

The parent company of Garlock Sealing Technologies LLC said Thursday it has amended and restated its senior secured revolving credit facility.

The five-year, senior secured revolving credit facility of $300 million will be used to purchase the firm’s 3.9375 percent convertible senior debentures due 2015, said EnPro Industries Inc., which is based in Charlotte, N.C.

Borrowing availability under the credit facility is not limited by reference to a borrowing base.

Garlock, a deconsolidated subsidiary of EnPro based in Palmyra, Wayne County—ranked as the area’s 57th largest employer on the recent RBJ 75 list of the region's largest employers.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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