Transcat Inc., a leader in test measurement, control, and calibration, has successfully closed a new 5-year $150 million syndicated secured credit facility. Led by M&T Bank and joined by Wells Fargo and Bank of America, this new facility nearly doubles Transcat's access to capital, replacing its previous $80 million credit arrangement with M&T. The agreement includes a $150 million revolving credit facility with options for revolving loans, swingline loans, and letters of credit. This enhanced financial flexibility is aimed at supporting Transcat's strategic acquisitions and growth initiatives, reflecting confidence from top-tier financial institutions in the company's long-term growth and profitability prospects.
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