Applica seeks revolver amendment to extend maturity, decrease size

By Sara Rosenberg

New York, Nov. 9 - Applica Inc. is negotiating an amendment to its existing asset-based senior secured revolving credit facility that would extend the maturity to 2009 from Dec. 28, 2005 and decrease the size to $175 million from $205 million, according to a 10-Q filed with the Securities and Exchange Commission Tuesday.

As of Nov. 4, the company had $101.6 million drawn under the revolver and $56.6 million of availability based on collateral value.

Applica is a Miami Lakes, Fla., marketer, distributor and manufacturer of branded and private-label small household appliances.

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