DMC Global Inc (BOOM) has released an update to notify the public and investors about an entry into a material definitive agreement.
DMC Global Inc. has enhanced its financial flexibility by amending its credit agreement, increasing the maximum commitment from $200 million to $300 million. This amendment includes various credit facilities and extends the maturity date to February 6, 2029. The funds are allocated for working capital, refinancing of debts, and other corporate uses, including a potential acquisition. Additionally, the amendment introduces changes to financial covenants and interest rates, with the company’s assets securing the obligations.
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For a comprehensive understanding of the announcement, you can read the full document here.
