Montrose Environmental Group (MEG) has released an update.
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Montrose Environmental Group and its subsidiaries have amended their credit agreement, resulting in an expanded revolving credit facility now totaling $175 million and securing an additional term loan of $50 million. This financial maneuver is aimed at bolstering Montrose’s working capital and supporting its general corporate endeavors, reflecting a strategic step by the company to enhance its financial flexibility and fuel its operational objectives.
For further insights into MEG stock, check out TipRanks’ Stock Analysis page.
