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Tooling and industrial materials supplier $KMT said it signied a $600MM five-year credit agreement. This syndicated bank facility amends and restates the company's prior loan agreement. The facility contains enhanced covenant adjustments relative to $KMT's amended 2010 agreement.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.