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Firan Tech ( (TSE:FTG) ) has shared an update.
FTG Corporation has finalized a new 3-year banking agreement with BMO Corporate Finance, securing $10 million each in revolving operating and term credit facilities, along with a $15 million accordion facility for acquisitions. This agreement is designed to enhance FTG’s operational flexibility and reduce costs, supporting its growth and corporate development objectives, which may strengthen its market position in the aerospace and defense sectors.
More about Firan Tech
Firan Technology Group Corporation (FTG) is a global supplier of aerospace and defense electronics products and subsystems. It operates through two main units: FTG Circuits, which manufactures high technology, high reliability printed circuit boards for leaders in the aviation, defense, and high technology industries, and FTG Aerospace, which designs and supports illuminated cockpit products and electronic assemblies for aerospace and defense equipment. The company has operations across North America and a joint venture in China, with its shares traded on the Toronto Stock Exchange and OTCQX Exchange.
YTD Price Performance: 9.30%
Average Trading Volume: 27,722
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$204.2M
For a thorough assessment of FTG stock, go to TipRanks’ Stock Analysis page.
