Quest Resource Extends Debt Maturities Enhancing Financial Flexibility
Portfolio Pulse from Benzinga Newsdesk
Quest Resource has improved its financial flexibility by extending the maturity dates of its Monroe and PNC Credit Agreements to October 19, 2026, and April 19, 2026, respectively. Additionally, the PNC Credit Agreement has been upsized, the interest rate adjusted, and an equipment term loan of up to $5 million has been introduced.
April 01, 2024 | 10:12 am
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Quest Resource's financial flexibility is enhanced through extended debt maturities and improved credit agreement terms with Monroe and PNC.
Extending the maturity dates of its credit agreements and adjusting the terms to include an upsized revolving credit commitment and a new equipment term loan significantly enhances Quest Resource's financial flexibility. This move likely reduces short-term financial pressure, potentially improving investor confidence in QRHC's financial management and stability.
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