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May 06, 2015 12:14 PM ET

Household Durables

Company Overview of Blount, Inc.

Company Overview

Blount, Inc. manufactures, markets, and distributes equipment, accessories, and replacement parts to the forestry, yard care, and general contractor industries worldwide. The company's products include cutting chain, guide bars, sprockets, and accessories for chainsaws; concrete-cutting equipment and accessories, and lawnmower blades; parts and accessories for the lawn and garden equipment market, such as cutting line for line trimmers, lubricants, and small engine replacement parts; and mobile equipment rotational bearings, worm gear reducers, hydraulic pump drives, and swing drives and winches. Blount, Inc. sells its products to original equipment manufacturers for use on new chainsaws and...

4909 SE International Way

Portland, OR 97222-4679

United States

Founded in 1971

Phone:

503-653-4573

Fax:

503-653-4612

Key Executives for Blount, Inc.

Senior Vice President, General Counsel and Secretary
Age: 70
Assistant Secretary and Corporate Counsel
Age: 42
Vice President of Finance
Compensation as of Fiscal Year 2014.

Blount, Inc. Key Developments

Blount, Inc. Enters into the Second Amendment to the Fourth Amended and Restated Credit Agreement

Blount International Inc. through its wholly-owned subsidiary, Blount, Inc. entered into the second amendment to the fourth amended and restated credit agreement of its senior credit facility, pursuant to which general electric capital corporation acts as administrative agent. The terms amended include modified financial covenants and other items. the minimum fixed charge coverage ratio was reset to 1.05 for fiscal quarters ending on or before September 30, 2013, 1.10 for fiscal quarters ending on or before December 31, 2013, and 1.15 thereafter. the maximum leverage ratio was reset to 4.60 for fiscal quarters ending on or before December 31, 2013, 4.35 for fiscal quarters ending on or before march 31, 2014, 4.25 for fiscal quarters ending on or before June 30, 2014, 4.00 for fiscal quarters ending on or before December 31, 2014, 3.75 for fiscal quarters ending on or before June 30, 2015, 3.50 for fiscal quarters ending on or before September 30, 2015, 3.25 for fiscal quarters ending on or before December 31, 2015, and 3.00 thereafter. the amendment also changed the borrowing rate to libor plus 3.00% or at an index rate, as defined in the credit agreement, plus 2.00%, if the company's maximum leverage ratio is greater than or equal to 4.00 but less than 4.50, and libor plus 3.50% or at an index rate, as defined in the credit agreement, plus 2.50%, if the maximum leverage ratio is 4.50 or higher. the definition of "ebitda" was also amended, among other items.

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