WARMINSTER, Pa. -- Fischer & Porter Co., which makes measurement and control systems, said it has completed the refinancing of its U.S. credit facilities.
Entered into with BA Business Credit Inc., a BankAmerica Corp. Affiliate, the agreement provides a three-year, $17.5 million facility consisting of a $2.5 million term loan and an asset-based revolving credit facility of up to $15 million.
The new arrangement replaces an asset-based, short-term revolving credit facility of up to $15 million.