The latest announcement is out from Allient (ALNT).
Allient Inc. revamped its financial strategy by securing a new $280 million Revolving Credit Facility with HSBC Bank and other lenders, featuring flexible interest rates tied to its leverage ratio and a $50 million expansion option. The agreement, maturing in 2029, includes strict financial covenants and is guaranteed by the company’s assets. Additionally, Allient entered into an agreement with Prudential to issue up to $150 million in senior notes, providing another layer of financial agility with similar covenants and default terms as the Revolving Facility, both aiming to strengthen the company’s capital structure and support future growth.
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