Power Solutions International (PSIX) said Monday that it has signed a second amendment to its uncommitted revolving credit agreement with Standard Chartered Bank, raising its committed borrowing capacity to $135 million.
The engineering company said that with the agreement, which now extends through July 30, 2027, it has enough cash and cash equivalents to continue as a going concern for at least 12 months.
Shares were 3.9% higher in recent premarket activity.
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