Arbitron Announces $150 Million Unsecured Revolving Credit Facility
November 22, 2011 at 5:24 AM (PT)
ARBITRON has entered into a five-year, $150.0 million unsecured revolving credit facility. This credit facility replaces ARBITRON's existing $150.0 million revolving credit facility, which was scheduled to mature in DECEMBER 2011.
The facility will be available for working capital requirements and general corporate purposes, which may include permitted acquisitions, share repurchases, and payment of dividends.
The credit facility has been arranged by J.P. MORGAN SECURITIES LLC and includes an expansion feature of up to an additional $75 million.