TriMas Corp. entered into a new accounts receivable facility with Wachovia Bank. The new facility, which has a three-year term, provides committed funding of up to $75 million.

The new accounts receivable facility provides a source of liquidity for the TriMas at a cost of funds equal to three-month Libor (currently approximately 0.25%) plus a spread ranging from 2.75% to 3.50% (currently 3.25%) on amounts drawn under the facility.

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