Innovate Corp. Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth

Reuters

22 May

<a href="https://laohu8.com/S/VATE">Innovate Corp.</a> Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth

DBM Global Inc. has entered into an amended and restated credit agreement that includes an $85 million term loan and a $135 million revolving credit facility, totaling $220 million in senior secured debt. This credit facility, led by UMB Bank, N.A., will fully repay DBMG's existing debt obligations and enhance its working capital capacity. Maturing on May 20, 2030, the facility also features an accordion option to increase the credit limit by an additional $50 million. This agreement aims to provide DBMG with long-term financial flexibility to support its continued growth, including over $500 million in new awards added to their adjusted backlog last quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovate Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001006837-25-000050), on May 21, 2025, and is solely responsible for the information contained therein.

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Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VATE\">Innovate Corp.</a> Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/DBMG\">DBM Global Inc.</a> has entered into an amended and restated credit agreement that includes an $85 million term loan and a $135 million revolving credit facility, totaling $220 million in senior secured debt. This credit facility, led by UMB Bank, N.A., will fully repay DBMG's existing debt obligations and enhance its working capital capacity. 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Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-22 04:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VATE\">Innovate Corp.</a> Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/DBMG\">DBM Global Inc.</a> has entered into an amended and restated credit agreement that includes an $85 million term loan and a $135 million revolving credit facility, totaling $220 million in senior secured debt. This credit facility, led by UMB Bank, N.A., will fully repay DBMG's existing debt obligations and enhance its working capital capacity. Maturing on May 20, 2030, the facility also features an accordion option to increase the credit limit by an additional $50 million. This agreement aims to provide DBMG with long-term financial flexibility to support its continued growth, including over $500 million in new awards added to their adjusted backlog last quarter.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovate Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001006837-25-000050), on May 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UMBF","symbol_name":"UMB金融","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250521:nNDL2ckZCB:1","article_id":"2537959934","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537959934","pubTimestamp":1747858666,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"DBM Global Inc. has entered into an amended and restated credit agreement that includes an $85 million term loan and a $135 million revolving credit facility, totaling $220 million in senior secured debt. 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Innovate Corporation published","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UMBF":"UMB金融","DBMG":"DBM Global Inc.","BK4211":"区域性银行","BK4129":"建筑与工程","VATE":"Innovate Corp."},"translate_title":"Innovate Corp.宣布提供2.2亿美元信贷额度，以促进DBM Global的流动性和增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBMG":0.9,"UMBF":0.9,"VATE":0.9},"content_text":"Innovate Corp. Announces $220 Million Credit Facility to Boost DBM Global's Liquidity and Growth\n    \n\nDBM Global Inc. has entered into an amended and restated credit agreement that includes an $85 million term loan and a $135 million revolving credit facility, totaling $220 million in senior secured debt. This credit facility, led by UMB Bank, N.A., will fully repay DBMG's existing debt obligations and enhance its working capital capacity. 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ID: 0001006837-25-000050), on May 21, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}