ORLAND PARK, Ill.-Andrew Corp., a major player in wireless network infrastructure, met with positive response from nine banks when it asked to renew a credit agreement, and therefore received $160 million, $10 million more than it originally requested.
The group of lenders for the oversubscribed, three-year renewal of its unsecured bank credit agreement comprised: Bank of America N.A. as lead arranger and administrative agent; LaSalle Bank National Association as syndication agent; U.S. Bank National Association as documentation agent; Harris Trust and Savings Bank; National City Bank; The Northern Trust Co.; Fifth Third Bank; Bank of Tokyo-Mitsubishi Ltd., Morgan Stanley Bank.
“We work closely with this group in many of our international activities in addition to this credit agreement, and they are key partners in the continued success of the company,” said Floyd L. English, chairman and chief executive officer.
