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.

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