DynCorp amends loan, allowing for redemption of notes

By Sara Rosenberg

New York, March 12 - DynCorp International Inc. amended its credit facility, expanding the ability to repurchase common stock to include the right to redeem a portion of the 9.5% senior subordinated notes due 2013, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

In addition, the amendment reduced certain excess cash flow repayment requirements.

The amendment was completed on March 6.

Wachovia is the administrative agent on the deal.

DynCorp is a Falls Church, Va.-based provider of defense, technical and government outsourced services.

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