MIAMI -- John Alden Financial Corp. said it had signed an amendment to its credit agreement with a syndicate led by Chase Manhattan Bank, increasing the remaining balance of the company's term-loan commitment to $110 million from $81 million.

John Alden, an insurance and annuity holding company, has drawn down $90 million, using the additional $9 million primarily for working capital. It has the option to draw on the remaining $20 million commitment through June 30, 1995.

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