Transcat, Inc. Enters into Amendment 2 to $20 Million Secured Revolving Credit Facility Agreement with Manufacturers and Traders Trust Company
January 06, 2016 at 04:42 pm
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On December 30, 2015, Transcat Inc. entered into Amendment 2 to its $20 million secured revolving Credit Facility Agreement dated as of September 20, 2012, as amended by Amendment 1 dated as of August 26, 2014 (the Credit Facility Agreement) with Manufacturers and Traders Trust Company. Amendment 2 to the Credit Facility Agreement amends the definition of Permitted Acquisition to increase borrowings available for Acquisitions to be financed with the Credit Facility Agreement for the Fiscal Year ending March 26, 2016 from $15.0 million to $17.0 million and $15.0 million for each fiscal year ending thereafter.
Transcat, Inc. is a provider of accredited calibration services, cost control and optimization services, and distribution and rental of value-added professional grade handheld test, measurement, and control instrumentation. The Company is focused on providing services and products to highly regulated industries, particularly the life science industry, which includes pharmaceutical, biotechnology, medical device and other FDA-regulated businesses. Through its Service segment, it offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting and other related services, a majority of which are processed through its asset management system, CalTrak, and its online customer portal, C3. It also provides permanent and periodic onsite services, mobile calibration services, pickup and delivery and in-house services. Through its Distribution segment, it sells and rents national and proprietary brand instruments to customers globally.
TRANSCAT, INC. 
