Summer Infant has amended its existing credit facility, which still consists of a $60 million revolving credit facility, a $5 million “first in last out” (FILO) facility and $10 million term loan facility.

The amendment provides, among other things, for an increase in maximum leverage ratio as defined in the agreement.

According to a related 8-K filing dated April 21, 2015, Bank of America served as administrative agent for the lender group. Merrill Lynch served as sole lead arranger and sole bookrunner.

Bob Stebenne, chief executive officer, commented, “We are very pleased to announce that we’ve amended our credit facility, providing increased liquidity as we prepare for expected higher growth heading into 2016. We appreciate the continued support of all institutions participating in this credit agreement.”

Woonsocket, RI-based Summer Infant is a manufacturer of infant and juvenile products for ages 0-3 years which are sold principally to large North American and international retailers.