Regal Beloit Closes on New Revolving Credit Agreement
01 7월 2011 - 6:42AM
PR Newswire (US)
BELOIT, Wis., June 30, 2011 /PRNewswire/ -- Regal Beloit
Corporation (NYSE: RBC) today announced that it has
entered into a new $500 million
five-year unsecured revolving credit facility, which replaced its
existing $500 million unsecured
revolving credit facility that was set to expire in April
2012. The new facility will be used for general corporate
purposes. Terms and conditions of the credit facility will be
described in the company's filings with the Securities and Exchange
Commission.
Regal Beloit Corporation is a leading manufacturer of electric
motors, mechanical and electrical motion controls and power
generation products serving markets throughout the world.
Regal Beloit is headquartered in Beloit, Wisconsin, and has manufacturing,
sales, and service facilities throughout the United States, Canada, Mexico, Europe and Asia. Regal Beloit's common stock is a
component of the S&P Mid Cap 400 Index and the Russell 2000
Index.
SOURCE Regal Beloit Corporation
Copyright 2011 PR Newswire
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