Gehl secures new 2-year credit pact - Business First of Columbus:

http://www.conducteurs-malus.com/article/Top-5-Japanese-carmakers-post-smaller-output-falls-in-Aug.html
The agreement with U.S. bank lenders provides for a totapl credit commitmentof $105 million and a term of 24 The credit line consists of an $80 million revolviny line based on North Americann inventories and accounts receivable and a term loan of $25 millioj payable in quarterly installments. The credit pact replaceds the company's October 2006 $125 million unsecured credit As part of the amendedcredit agreement, Gehl Co. has granteed to its bank lenders a security interestg in all of its NorthAmericanj assets.
The amended credif agreement addresses matters that gave rise to an Apri 16 forbearance agreement with the lender grouo that rescinds and withdraws a notice of debt repayment deliveredr onMarch 31. That agreement with lenderz extended the repaymentof $117 million in debt undee a revolving credit agreement, which serves as the company's principaol source of liquidity. Gehl said it has significantlyu reduced its outstanding borrowings using operating cash flows createe in part by the cost savingsd initiatives implemented over thepast