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Janus International Group (JBI) has issued an update.
Janus International Group, Inc. has successfully renegotiated the terms of its First Lien Credit, effectively reducing the interest rates on its term loans. The amendment, achieved on April 30, 2024, will see rates drop by 0.50%, setting them at 1.50% for base rate loans and 2.50% for loans tied to the secured overnight financing rate. This strategic financial move is expected to benefit the company’s financial health and is detailed in their latest press release.
See more insights into JBI stock on TipRanks’ Stock Analysis page.
