Newpark Resources Inc. - 2011-11-29
Description
The company has entered into an amendment and restatement of its existing credit agreement, which provides for a $125 million revolving line of credit and extends the facility through November 2016. The amended and restated credit facility also includes an accordion feature, allowing for the expansion of the line up to $200 million. The bank group participating in the facility consists of JP Morgan, Wells Fargo, Bank of America, Capital One and Comerica.