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Stock impact report

Karman Space & Defense Announces Successful Refinancing and Extension of its Credit Facilities under New Credit Agreement

Karman Holdings Inc. (KRMN) 
Company Research Source: Business Wire
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--Karman Space & Defense (“Karman” or “the Company”) (NYSE: KRMN), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems today announced the successful completion of a refinancing transaction that replaces its previous term loan and revolving credit facility, significantly extending maturity dates and reducing interest expense.“This refinancing transaction represents another important step forward for Karman, strengthening our balance sheet and providing us with significant flexibility to support organic growth and strategic acquisitions,” said Mike Willis, Chief Financial Officer of Karman Space & Defense. “We support a large and diverse portfolio of customers and programs that align well with the U.S. government’s strategic priorities. Our improved balance sheet will help us execute on our plans and create shareholder val Show less Read more
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