IntriCon Amends $12M Credit Facilities

IntriCon Corporation IIN today announced it has amended its credit facilities with The PrivateBank and Trust Company. Terms of the amendment included, among other things: Extending the term of the $8.0 million revolving credit facility, with a subfacility for letters of credit, to mature in August 2014; and Increasing the company's term loan facility to $4.0 million, amortized in quarterly principal installments of $250,000, and an extension of the maturity to August 2014. The $12 million in credit facilities includes London Interbank Offered Rate interest rate options at varying rates based on funded debt to EBITDA levels.