AUSTIN, Tex. -- Tracor Inc., a defense electronics company, said it amended its current credit agreement, lowering loan interest rates and enabling the company to complete acquisitions more easily. Tracor's term and revolving loan interest rates were reduced 75 basis points, and interest on letters of credit facilities was lowered 100 basis points. In addition, the amended agreement permits the company to make certain acquisitions without the approval of its bank lenders.
Tracor amends credit pact to get lower rates.
November 03, 1994, 2:00 a.m. EST 1 Min Read
