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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.