Kaman reprices credit facility at Libor plus 137.5 basis points

By Sara Rosenberg

New York, June 10 - Kaman Corp. completed a repricing of its senior secured credit facility, bringing the spread down to Libor plus 137.5 basis points from Libor plus 200 bps previously, according to a news release.

The facility consists of a $275 million revolver and a $39 million term loan.

Bank of America Merrill Lynch, RBS Citizens and J.P. Morgan Securities LLC acted as the co-lead arrangers on the deal.

Kaman is Bloomfield, Conn.-based aerospace and industrial distribution company.

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