The company refinanced and expanded its credit facilities, securing a $35M term loan (up to $65M) and a $30M revolving line (up to $45M), both maturing in 2031, with updated covenants, cross-collateralization, and enhanced lender protections. Amendments to supply agreements and the equity plan were…
The company refinanced and expanded its credit facilities, securing a $35M term loan (up to $65M) and a $30M revolving line (up to $45M), both maturing in 2031, with updated covenants, cross-collateralization, and enhanced lender protections. Amendments to supply agreements and the equity plan were also executed.
Original document:
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.