Burdale Capital Finance Inc., a member of Bank of Ireland Group, (Burdale), has completed a $60m three-year agented revolving credit facility for MAG Industrial Automation Systems LLC (the company). This facility is to support the company’s current working capital requirements and strategic growth plans.
MAG is a leading machine tool and systems company serving the durable goods industry worldwide with complete manufacturing solutions. With a strong foundation based upon renowned brands such as Cincinnati, Cross Hüller, Fadal, Giddings & Lewis and Hüller Hille, MAG is recognised as the preeminent provider of tailored production solutions based on state-of-the-art technology. Key markets served include aerospace, automotive and truck, heavy equipment, oil and gas, rail, solar energy, wind turbine production and general machining.
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