Janel Corporation has entered into a new senior secured Credit Agreement with Santander Bank, N.A., First Merchants Bank, and other lenders, providing for revolving, term loan, and acquisition credit facilities totaling up to $59.1 million. The agreement, effective December 29, 2025, replaces existing senior debt and is secured by substantially all assets of Janel and its subsidiaries. The facility, which matures on December 29, 2030, includes customary covenants and restrictions and grants senior payment and lien priority over subordinated debt, subject to certain conditions. Proceeds from the new facility were used in part to repay previous loan obligations to Santander Bank and First Merchants Bank.

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