IntriCon, a designer, developer, manufacturer and distributor of miniature and micro-miniature body-worn devices, amended its credit facilities with The PrivateBank.

The amendment increased IntriCon’s term loan to $6 million from its current balance of $4 million, amortized in quarterly principal installments of $250,000. It also raised IntriCon’s revolving credit facility capacity to $9 million from its current capacity of $8 million. The amendment also raised the inventory cap on the borrowing base from $3.5 million to $4 million.

“The higher borrowing capacity of our amended credit facilities is an important step in advancing our future plans,” said Mark S. Gorder, president and CEO. “As we look ahead, we are evaluating several options to enhance our infrastructure and secure channel partners in the emerging value hearing health, or VHH, channels.”