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The latest announcement is out from AptarGroup (ATR).
AptarGroup, Inc. and its subsidiary revamped their financial strategy by securing a new $330 million unsecured term loan and revising an existing $600 million credit facility, now with the potential to add up to $300 million more. The updated agreement, facilitated by Wells Fargo, comes with specific financial covenants aimed at maintaining the company’s fiscal health, such as leverage and interest coverage ratios. This move positions the company for more robust financial flexibility until the final maturity dates in 2027 for the term loan and potentially 2029 for the revolving credit.
Learn more about ATR stock on TipRanks’ Stock Analysis page.