Harvard Bioscience Inc.

NASDAQ:HBIO   3:56:59 PM EDT
7.33
+0.32 (+4.57%)
Debt Financing / Related

Harvard Bioscience Announces New Credit Facility

Published: 12/22/2020 23:28 GMT
Harvard Bioscience Inc. (HBIO) - Harvard Bioscience Announces New Credit Facility.
Harvard Bioscience - Refinancing of Its Debt With Closing of a New $65 Million Credit Facility.
Harvard Bioscience Inc - Proceeds From New Facility Will Be Used to Retire Existing Debt and Pay Related Fees and Expenses.
Harvard Bioscience Inc - Reduction in Interest Rate Achieved is Expected to Provide Over $2 Million of Annual Cash Interest Savings in 2021.
Harvard Bioscience Inc - Credit Agreement Provides for a Term Loan of $40.0 Million and a $25.0 Million Senior Revolving Credit Facility.