Allient Amends 2024 Credit Facilities and Executes New Interest Rate Swap to Enhance Financial Flexibility
Allient Inc. (ALNT)
Company Research
Source: Business Wire
Adjustments Include Less Restrictive Covenants, Expanded EBITDA Add-Backs, and Interest Rate Hedging to Support Strategic Initiatives BUFFALO, N.Y.--(BUSINESS WIRE)--Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that it has amended its 2024 Credit Facilities to enhance flexibility in financial planning through FY2025. Additionally, the Company has executed a new interest rate swap agreement, further optimizing its capital structure.Jim Michaud, Allient’s Chief Financial Officer, commented, “We appreciate the ongoing support from our lending partners, which has provided us with increased flexibility to execute our strategic priorities. These amendments, along with the new interest rate swap, enhance our ability to optimize the business with our Simplify to Accelerate NOW strategy while maintaining strong
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