Itafos amends credit facilities, upsizes term loan commitment to USD 140 million

Bitget2026/09/29 21:10

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Itafos amended its credit facilities with a lender syndicate led by RBC Capital Markets, with Texas Capital, PNC Capital Markets as joint lead arrangers.
Refinancing replaces a USD 100 million term loan with USD 82.5 million outstanding, raising commitments to a USD 140 million term loan.
Dedicated USD 30 million letter of credit facility retained; maturity for the amended term loan extended to Sept. 29, 2029.
Revolving asset-based loan facility amended to extend maturity to Sept. 29, 2029; proceeds also repay outstanding ABL borrowings.
At closing, amended term loan balance expected at USD 140 million; ABL undrawn; LC facility expected to have USD 12.5 million outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Itafos Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609291710PRIMZONEFULLFEED9836376) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Itafos amends credit facilities, upsizes term loan commitment to USD 140 million

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