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Magnetek Inc. a Menomonee Falls-based provider of digital power and motion control systems, announced today it has entered into an amendment of its revolving credit facility with Associated Bank N. A., which extends the facility through June 2013.
The amended credit facility also expands Magnetek's credit line from $7.5 million to $12.5 million. The credit facility may be used to fund working capital, letters of credit, and for other general corporate purposes.
Magnetek. provides digital power and motion control systems used in overhead material handling, elevator, and energy delivery applications. The Company is North America's largest supplier of digital drive systems for industrial cranes, hoists, and monorails.
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