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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。