American Shared Hospital Services Secures New $2.7M Loan
Company Announcements

American Shared Hospital Services Secures New $2.7M Loan

American Shared Hospital Services (AMS) has released an update to notify the public and investors about an entry into a material definitive agreement.

On January 25, 2024, American Shared Hospital Services and its domestic subsidiaries amended their Credit Agreement with Fifth Third Bank, adding a new $2.7 million term loan for capital expenditures in Puebla, Mexico, with a maturity date of January 25, 2030. The loan, secured by the Company’s assets, introduces SOFR-based interest rates and modifies reporting requirements and financial covenants, specifically regarding the treatment of the Company’s foreign subsidiaries in financial calculations.

For further insights into AMS stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.

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