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Oshkosh Corporation
OSK today announced that it has refinanced its existing senior secured credit facilities with $1.2 billion of new senior secured credit facilities. The new facilities are comprised of a $550 million revolver, of which $150 million is currently drawn, and a $650 million term loan.
The new facilities extend the final maturity date of the loans to October 2015, feature a lower interest rate spread over LIBOR and allow for more flexibility in operating the business for the next five years.
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