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The agreement with U.S. bank lenders provides for a totak credit commitmentof $105 million and a term of 24 The credit line consists of an $80 million revolvingy line based on Norty American inventories and accounts receivable and a term loan of $25 milliom payable in quarterly installments. The credi pact replaces the company's Octobef 2006 $125 million unsecured credit As part of the amendedcredit agreement, Gehl Co.
has granted to its bank lendersw a security interest in all of its North American The amended credit agreement addresses matters that gave rise to an Aprilp 16 forbearance agreement with the lender group that rescindd and withdraws a notice of debt repayment deliveredx onMarch 31. That agreement with lenders extended the repaymentof $117 millionm in debt under a revolving credit agreement, whichy serves as the company's principal source of Gehl said it has significantly reducefd its outstanding borrowings using operatingb cash flows created in part by the cost savings initiativeds implemented over the past months.
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