Stewart Information Services (STC) said Wednesday that it signed a new agreement for a $300 million revolving credit facility, with an option to increase revolving commitments by up to $125 million.
The company said the facility has a five-year term, maturing on Oct. 7, 2030.
Stewart Information Services said the new facility provides a $100 million increase in revolving credit from its previous facility, which was terminated Tuesday for the new agreement.
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.