Stocks in play: AirBoss of America Corp.
Has updated its senior secured credit facilities with an expanded syndicate of major banks to increase the available size, extend the maturity date, and provide the Company with improved terms, lower pricing and increased flexibility. Key changes include the following: Increased revolving credit availability to $250 million U.S. (from $150 million U.S.) with an accordion of $75 million U.S. (from $50 million U.S.). Elimination of the Company’s amortizing term loan. The maturity date is now September 23, 2026. AirBoss of America Corp. shares T.BOS are trading down $0.08 at $39.62.
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