Itafos Bolsters Financial Position with Credit Facility Amendments

Itafos (TSE:IFOS) has released an update.

Itafos Inc. has amended and extended its credit facilities, enhancing financial flexibility and liquidity to support the H1/NDR project and extend the life of the Conda mine through 2037. The terms include upsizing the term loan to $100 million with a reduced letter of credit facility and lower annual amortization, alongside amendments to the asset-based lending agreement offering additional borrowing capacity.

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