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HLIO - Helios Technologies expands financial capacity with oversubscribed $150M term loan

Helios Technologies Inc.

2023-05-17 10:17:25 ET

  • Helios Technologies ( NYSE: HLIO ) has announced an additional term loan of $150M from the company’s existing Accordion facility.
  • The new $150M term loan is leverage neutral and enables the Co. to increase the availability under its existing revolver to ~$200M.
  • "We are pleased that this expansion uses the pricing from our existing credit agreement, especially given the challenging capital markets backdrop, and it demonstrates the strength of our company, our business model, and our institutional relationships,” said Josef Matosevic, the Company’s President and CEO.

For further details see:

Helios Technologies expands financial capacity with oversubscribed $150M term loan
Stock Information
Company Name: Helios Technologies Inc.
Stock Symbol: HLIO
Market: NYSE
Website: heliostechnologies.com
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