September 21, 2009, 2009 (FinancialWire) — Kaman Corp. (NASDAQ: KAMN) said it has replaced its five-year $200 million revolving credit facility with a new three-year $225 million revolving credit facility.

 The initial interest rate for borrowings under the facility will be LIBOR plus 350 basis points.

The new facility includes an accordion feature that allows the company to increase the aggregate amount available to up to $300 million with additional commitments from lenders. The facility includes a collateralized security agreement and carries a standard financial covenant package, which contains market terms and conditions.

Bloomfield, Connecticut-based Kaman conducts business in the aerospace and industrial distribution markets.

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