Bowman Consulting Enters Into A $100M Aggregate Revolving Credit Agreement With Bank Of America As Administrative Agent, And TD Bank As Syndication Agent
Portfolio Pulse from Benzinga Newsdesk
Bowman Consulting has entered into a revolving credit agreement totaling $100 million with Bank of America as the administrative agent and TD Bank as the syndication agent. This financial maneuver provides Bowman with increased liquidity and financial flexibility.
May 03, 2024 | 11:15 am
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The $100M revolving credit agreement with Bank of America and TD Bank enhances Bowman Consulting's liquidity and financial flexibility, potentially supporting future growth and operational needs.
Access to a $100M revolving credit facility significantly enhances Bowman Consulting's financial stability and flexibility, allowing for more aggressive growth strategies or operational expansions. This financial backing is likely to be viewed positively by investors, as it indicates trust from major banks and provides a safety net for future endeavors.
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