2023-08-03 04:59:58 ET
Hallador Energy Company ( NASDAQ: HNRG ) entered into a new $140M credit agreement with PNC Bank as the administrative agent, extending the term of the agreement through 2026.
The primary purpose of the amendment was to convert $65M of the outstanding funded debt into a new term loan with a maturity of March 31, 2026, and enter into a revolver of $75M with a maturity of July 31, 2026.
The amendment increased the maximum annual capital expenditure limit to $100M.
The stock price is up 1% pre-market on Thursday.
For further details see:
Hallador Energy gets $140M credit facility, liquidity reaches $56.9M