Maxim Power (TSE:MXG) has released an update.
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Maxim Power Corp. has significantly reduced its debt by voluntarily repaying $49.9 million on its Senior Credit Facility, eliminating the Fixed Rate Construction Facility and Bank Term Facility #1. This financial move leaves the company with $69.3 million in cash reserves, positioning it well for future projects in Alberta.
For further insights into TSE:MXG stock, check out TipRanks’ Stock Analysis page.
