Liquidity Services (LQDT) said it has modified an existing loan deal with Wells Fargo (WFC) to prolong the maturity date of the facility.

The amendment moves the expiration of the arrangement to March 31, 2028, from the previous deadline of March 31, 2027, the company said in regulatory filing late Friday.

The company retains access to a maximum borrowing limit of $35 million until the date of expiry for general corporate purposes, Liquidity Services said.

Shares of the company were up 1.6% in Monday trading.

Price: 39.72, Change: +0.63, Percent Change: +1.61