Kadant Inc. Expands Credit Facility to $750 Million and Extends Maturity to 2030 in Amended Loan Agreement with Citizens Bank and Partners
**Kadant Inc. Expands Credit Facility to $750 Million with Amended Agreement** WESTFORD, Mass.-Kadant Inc. has announced it entered into an Eighth Amendment to its Amended and Restated Credit Agreement on September 26, 2025, with Citizens Bank, N.A. and a syndicate of other financial institutions. The amendment significantly increases the company's revolving loan commitments from $400 million to $750 million and extends the maturity date of its unsecured credit facility to September 26, 2030. Other changes include raising the multicurrency sublimit to $400 million, the letter of credit sublimit to $100 million, and the swingline loan sublimit to $15 million. The amendment also adds Australian Dollars as a borrowing currency and includes Kadant's Australian subsidiary, Vayeron Pty Ltd, as an authorized borrower. The revised agreement aims to provide greater financial flexibility for Kadant as it continues its growth initiatives.
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