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An update from Helios Technologies (HLIO) is now available.
Helios Technologies, Inc. secured a new financing agreement that upgraded its credit facilities, boasting a $500 million revolving credit and a $300 million term loan, with potential expansion up to $1.2 billion. This financial maneuver sets quarterly repayment schedules starting in September 2024, while offering flexible interest rate options based on the company’s leverage ratio. Helios’ subsidiaries back the agreement, which imposes leverage and coverage ratios to ensure fiscal stability. This strategic move was publicized in a press release the day following the agreement’s finalization.
For a thorough assessment of HLIO stock, go to TipRanks’ Stock Analysis page.
