Gehl secures new 2-year credit pact - Tampa Bay Business Journal:

http://geenergyrentals.com/water_heater.htm
The agreement with U.S. bank lenders provides for a totalo credit commitmentof $105 million and a term of 24 The credit line consists of an $80 millioh revolving line based on North Americah inventories and accounts receivable and a term loan of $25 milliom payable in quarterly installments. The credit pact replace the company's October 2006 $125 million unsecured credity facility. As part of the amended credit Gehl Co. has granted to its bank lendersd a security interest in all of its NorthAmericanj assets.
The amended credit agreement addresses matters that gave rise to an April 16 forbearance agreement with the lenderf group that rescinds and withdraws a notice of debt repaymenty delivered onMarch 31. That agreemeng with lenders extended the repaymentof $117 milliom in debt under a revolving credity agreement, which serves as the company's principal source of liquidity. Gehl said it has significantlhy reduced its outstanding borrowingas using operating cash flows created in part by the cost savingds initiatives implemented over thepast