Kaman Completes Re-Pricing of Credit Facilities

Kaman Corporation KAMN announced today the completion of the re-pricing of its senior secured credit facilities, comprised of a $275 million revolving credit facility and a $39 million term loan facility. The re-priced facilities will initially have a reduced interest rate of LIBOR plus 137.5 basis points compared to an interest rate of LIBOR plus 200.0 basis points prior to the amendment.