American Vanguard Enters into $137 Million Credit Facility

American Vanguard Corporation AVD, today announced that it entered into a new $137 million senior secured credit facility with a syndicate of banks led by Bank of the West. The facility consists of a revolving commitment of $75 million, and an initial term commitment of $62 million. Also included in the credit facility is an accordion feature of up to $50 million. Both the revolving line of credit and the term loan mature on January 10, 2016.