- Power Solutions International Inc (OTC:PSIX) entered into an additional shareholder’s loan agreement with its majority stockholder, Weichai America Corp., dated July 14, 2021.
- The Shareholder’s Loan Agreement, which matures on May 20, 2022, provides access to up to $25 million of credit at the discretion of Weichai to supplement the company’s working capital, with interest at the applicable rate of LIBOR + 4.50% per annum.
- As of July 15, 2021, PSI has borrowed $15 million under the Shareholder’s Loan Agreement.
- Price action: PSIX shares are trading higher by 5.71% at $7.40 on the last check Wednesday.
Air Lease Agrees To Lease Nine Boeing 737 Aircraft To Aeromexico
Air Lease Corp (NYSE:AL) entered a long-term lease agreement for nine new Boeing Co (NYSE:BA) 737 aircraft with Grupo Aeromexico (OTC:GRPAF). The order consists of…
