IntriCon announced it amended its credit facilities with The PrivateBank and Trust Company.

Terms of the amendment include, among other things: extending the term loan and revolving loan maturity date to February 28, 2018, keeping the existing term loan amortization schedule in place; increasing the eligible borrowing capacity under the revolving line of credit facility; amending the applicable base rate margin, applicable LIBOR rate margin, applicable LOC fee and applicable non-use fee based on the then applicable leverage ratio; and amending the funded debt to EBITDA and fixed charge coverage financial covenants.

Mark S. Gorder, president and CEO, said, “The extended terms and increased borrowing capacity of our amended credit facilities enhance IntriCon’s financial flexibility and strengthen the company in both the short- and long-term. This amendment reinforces The PrivateBank’s commitment to our strategic plan and its belief in our ability to execute our growth initiatives successfully. We’re using the facilities to fund anticipated working capital growth requirements.”

Arden Hills, MN-headquartered IntriCon Corp. designs, develops and manufactures miniature and micro-miniature body-worn devices.