Montrose Environmental Expands Credit Facility and Secures Loan
Company Announcements

Montrose Environmental Expands Credit Facility and Secures Loan

Montrose Environmental Group (MEG) has released an update.

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.

Related Articles
TheFlyMontrose Environmental rises 11.9%
TheFlyMontrose DOD contract supports potential upside to organic growth, says Stifel
TheFlyMontrose Environmental chosen for $249M USACE contract
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App