Forward Air Corp. (FWRD) has released an update.
Clue Opco LLC, a Forward Air Corporation subsidiary, and its financial partners have revised their Credit Agreement, increasing the maximum permitted leverage ratio for upcoming quarters and reducing the available revolving credit by $60 million. The move, which adjusts financial covenants and other terms, follows Opco’s repayment of $80 million in term loans, signaling strategic financial management during a period of adjustment.
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