On Oct 30, Republic Services & Unit Entered Into Amendment No. 2 To Amended And Restated Credit Agreement, Dated As Of August 17, 2021; Amendment Increases Commitments Under Credit Agreement To $500M For An Aggregate Commitment Under Agreement Of $3.5B
Portfolio Pulse from Benzinga Newsdesk
Republic Services and its unit have entered into Amendment No. 2 to their Amended and Restated Credit Agreement, dated August 17, 2021. The amendment increases commitments under the credit agreement to $500M, bringing the total commitment under the agreement to $3.5B.
November 03, 2023 | 5:24 pm
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Republic Services has increased its commitments under its credit agreement, which could provide the company with more financial flexibility.
The increase in commitments under the credit agreement provides Republic Services with more financial resources, which could be used for various purposes such as capital expenditures, acquisitions, or debt repayment. This could potentially improve the company's financial position and be viewed positively by investors, leading to a potential increase in the stock price in the short term.
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