Modine completes debt refinancing

Modine Mfg. Co. (NYSE: MOD), which focuses on thermal management technology and solutions including greenhouse heating, has completed the refinancing of its long-term debt. The company has finalized a four-year, $145 million revolving credit facility with a syndication of six financial institutions led by JPMorgan Chase Bank as administrative agent, LC issuer, swing line lender and as a lender. Also in the syndicate are U.S. Bank and Wells Fargo Bank as syndication agents and as lenders, M&I Marshall & Ilsley Bank, as documentation agent and as a lender and associated bank and Comerica Bank as lenders. The new credit facility also includes an accordion provision of $50 million.