- 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.
Fiesta Restaurant Gr Q4 Sales $97.62M Miss $99.14M Estimate
Fiesta Restaurant Gr (NASDAQ:FRGI) reported quarterly sales of $97.62 million which missed the analyst consensus estimate of $99.14 million by 1.53 percent. This is a 9.30 percent increase over sales of $89.31 million
