An update from Karman Holdings Inc. ( (KRMN) ) is now available.
On April 1, 2025, Karman Holdings Inc. successfully refinanced its credit facilities by entering a new Credit Agreement with Citibank, replacing the previous term loan and revolving credit facility. This refinancing extends maturity dates significantly and reduces interest expenses, saving over $8 million annually. Additionally, on April 4, 2025, Karman announced a Securities Purchase Agreement to acquire MTI Partners LLC and Metal Machining LLC for $90 million, enhancing its strategic growth and acquisition capabilities.
More about Karman Holdings Inc.
Karman Space & Defense is a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems. The company supports a diverse portfolio of customers and programs that align with the U.S. government’s strategic priorities, focusing on integrated payload protection, propulsion, and interstage system solutions for defense and commercial space sector initiatives.
YTD Price Performance: -6.89%
Average Trading Volume: 1,321,930
Current Market Cap: $3.7B
See more data about KRMN stock on TipRanks’ Stock Analysis page.