Douglas Dynamics ups revolver to $80 million, cuts pricing by 50 bps

By Susanna Moon

Chicago, Nov. 9 - Douglas Dynamics, Inc. boosted the size of its senior secured revolving credit facility by $10 million to $80 million and extended the maturity by one year to April 17, 2017.

The company also cut pricing by 50 basis points to Libor plus 175 bps.

The company and its subsidiaries, Douglas Dynamics, LLC, Douglas Dynamics Finance Co. and Fisher, LLC, amended its credit agreement on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also reduced the amount available under the accordion feature to $30 million from $40 million.

Douglas Dynamics is a Milwaukee-based designer, manufacturer and seller of snow and ice control equipment for light trucks.

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