Gentherm Provides Update Related to COVID-19
Gentherm Inc (THRM)
Last gentherm inc earnings: 2/19 06:00 am
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Source: GlobeNewswire
NORTHVILLE, Mich., March 25, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader and developer of innovative thermal management technologies, today provided an update on its business and financial position in light of the impact of the COVID-19 pandemic on the global economy. As a safeguard against the uncertainties ahead surrounding the COVID-19 pandemic, the Company has recently drawn an additional $169 million on its revolving credit facility to increase its cash position and provide additional financial flexibility. As of March 20, 2020, the Company had approximately $35 million in cash, cash equivalents and restricted cash prior to the draw down. As a result of the draw down, a total of $224 million was outstanding under the revolving credit facility. The Company has $240 million remaining available for additional borrowings subject to specified conditions that Gentherm currently satisfies. In addition, the Company is prudently addressing its day-to-day ope
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THRM
News
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- Gentherm Names Jonathan Douyard as Executive Vice President, Chief Financial Officer and TreasurerGlobeNewswire
THRM
Earnings
- 10/30/24 - Beat
THRM
Sec Filings
- 1/2/25 - Form 3
- 12/16/24 - Form 8-K
- 12/11/24 - Form 4
- THRM's page on the SEC website