- Acme United Corp (NYSE:ACU) said it has renewed and increased its loan facility with HSBC Bank N.A.
- The agreement provides for borrowings up to $65 million (an increase of $15 million) at an interest rate of SOFR (Secured Overnight Financing Rate) of 1.75%.
- The loan facility will expire on May 31, 2026.
- The company had outstanding borrowings of $40.2 million under the revolving loan agreement with HSBC as of March 31, 2022.
- The facility is expected to provide liquidity for growth, share repurchases, dividends, acquisitions, and other business activities.
- Price Action: ACU shares closed lower by 1.06% at $32.60 on Tuesday.
Reported Late Tuesday, TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of October 31, 2022; Unaudited Total Assets Were ~$242.2M And Its Unaudited Net Asset Value Was $211.9M, Or $15.70/Share
The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).
As of October 31, 2022, the company's unaudited
