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Stock impact report

Helios Technologies Extends and Upsizes Credit Facility, While Reducing Borrowing Spreads [Yahoo! Finance]

Helios Technologies, Inc. (HLIO) 
Last helios technologies, inc. earnings: 2/24 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
motion control and electronic controls technology, today announced it has entered into an amendment and restatement of its existing term loans and revolving credit facility ("amended credit agreement") to extend debt maturities, strengthen and streamline its lender group, reduce borrowing spreads, and expand the borrowing capacity under both its revolving credit facility and accordion feature. "The amended credit agreement supports our efforts to optimize our capital structure while providing the financial flexibility to execute on our strategic priorities," said Josef Matosevic, President and Chief Executive Officer of Helios. "We remain committed to vigilantly managing the Company's financial resources for the long-term by upsizing our credit facility and reducing the borrowing spreads for credit advances." The amended credit agreement extends debt maturity for five years to June 25, 2029, upsizes the Company's revolving credit facility from $400 million to $500 million, and est Show less Read more
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