OAK BROOK, Ill. -- U.S. Can said it had completed the renegotiation and expansion of a loan agreement, with Continental Bank of Chicago leading the credit.

The new four-year facility includes a $95 million revolving credit line and $35 million term loan. Proceeds were used to repay outstanding loans on the prior credit as well as two supplemental loans totaling $40 million, which were used to finance two recent acquisitions.

In effect, U.S. Can extended its loan maturities and reduced its interest rate, said Timothy W. Stonich, executive vice president and chief financial officer of the company, formerly the Sherwin-Williams container division.

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