Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Hagerty Inc Class A (HGTY) has provided an announcement.
The Hagerty Group updated its financial arrangements by amending its credit facility, notably adding Wells Fargo as a new lender and securing an additional $75 million in revolving credit. While the lenders involved have various ongoing financial dealings with Hagerty, including cash management and banking services, this strategic financial move aims to bolster Hagerty’s capital position and facilitate its growth strategy. Additionally, the company announced the appointment of Mr. Briglia as President of Insurance, effective July 1, 2024.
For a thorough assessment of HGTY stock, go to TipRanks’ Stock Analysis page.
