January 6, 2010 (FinancialWire) — LoJack Corp. (NASDAQ: LOJN) said it has entered into a multi-currency revolving credit agreement for $30 million, replacing its prior multi-currency credit agreement.

Under the new agreement, RBS Citizens, N.A. will act as administrative agent and lender, and TD Bank, N.A. will act as lender and issuing bank.

LoJack said it has the right to increase the aggregate amount available to be borrowed to $50 million, subject to certain conditions. The new credit agreement terminates on December 29, 2011.

Massachusetts-based LoJack offers stolen vehicle recovery systems. The company’s system operates in 27 states and the District of Columbia, and in more than 30 countries throughout North America, South America, Europe, Africa and Asia.

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