National Beef amends loan, changing net capital expenditures limitations

By Sara Rosenberg

New York, Oct. 20 - National Beef Packing Co. LLC amended its credit facility, changing the calculation of net capital expenditures, according to an 8-K filed with the Securities and Exchange Commission Thursday.

For the combined fiscal years of 2005 and 2006, the net capital expenditure limitation is $64 million. For fiscal year 2007, the net capital expenditure limitation is $35 million. And, for fiscal year 2008 and thereafter, the net capital expenditure limitation is $40 million.

The amendment is effective as of Oct. 14.

CoBank is the administrative agent on the deal.

National Beef is a Kansas City-based beef packer.

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