One-Year Extension Letter for Revolving Credit and Term Loan Agreement between Federal Screw Works and Comerica Bank
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Summary
Comerica Bank has approved a one-year extension for Federal Screw Works' Revolving Credit Facility and Term Loan, as requested by the company. The new maturity dates are October 31, 2005 for the Revolving Credit Facility and October 31, 2007 for the Term Loan. This extension is made under the terms of the existing Revolving Credit and Term Loan Agreement between the parties. The letter confirms the extension and provides updated timelines for repayment.
EX-10.1 3 k73008exv10w1.txt ONE YEAR EXTENSION OF REVOLVING CREDIT EXHIBIT 10.1 [COMERICA LETTERHEAD] October 7, 2002 Mr. W.T. ZurSchmiede, Jr, Chairman & Chief Executive Officer Federal Screw Works 20229 Nine Mile Road St. Clair Shores, MI 48080-1775 Dear Mr. ZurSchmiede, Per your request dated September 4, 2002 and pursuant to Section 2.13 of the Revolving Credit and Term Loan Agreement between Federal Screw Works and Comerica Bank, the Bank has approved the one year extension for the Revolving Credit Facility and Term Loan option. The new maturity dates for the facilities are October 31, 2005 and October 31, 2007, respectively. Please feel free to contact me if you have any questions. Regards, /s/ Robert M. Ramirez Robert M. Ramirez cc: Wade Plaskey
