Enviri Corporation renews Accounts Receivable Securitization Facility
Enviri Corporation (NVRI)
Company Research
Source: GlobeNewswire
PHILADELPHIA, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it has renewed its accounts receivable securitization facility of $150 million with PNC Bank, N.A. The facility, originally set to mature in June 2025, will again have a term of three years and will now mature in October 2027. “We are pleased to renew this facility with PNC,” said Tom Vadaketh, senior vice president and chief financial officer. “We continue to proactively address future debt maturities as we act on our plan to drive value creation for shareholders. This facility is an important and cost-effective part of Enviri’s capital structure, and its renewal aligns with our key strategic priorities and our efforts to increase cash flow and reduce leverage to 2.5x in the coming years.” This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any loans or securities. About EnviriEnviri is transforming the world to green, as a trusted g
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