Hyster-Yale Group, along with Hyster-Yale Materials Handling and certain other subsidiaries acting as guarantors, amended its $200 million original principal amount term loan. Bank of America acted as administrative agent on the transaction.

According to the related 8-K filing, the amendment, among other things, adjusts interest under the Term Loan to a floating rate, which can be a base rate or Eurodollar rate, plus an applicable margin of 2.25% for base rate loans and 3.25% for Eurodollar rate loans. The amendment also allows the company’s to dispose of all or any portion of Power Tap assets of Nuvera Fuel Cells or any other non-core assets with an aggregate book value not to exceed $10 million.

The term loan requires quarterly principal payments on the last day of each March, June, September and December, which commenced September 30, 2017 in an amount equal to $2.5 million and the final principal repayment due on May 30, 2023. Hyster-Yale may also be required to make mandatory prepayments, in certain circumstances, as provided in the agreement.

Hyster-Yale designs, engineers, manufactures, sells and services lift trucks and aftermarket parts.