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Nuvera Communications (NUVR) has provided an update.
Nuvera Communications, Inc. restructured its finances with a new $180 million credit facility on June 21, 2024, replacing its previous agreements. This facility includes a $125 million term loan, a $25 million delayed draw term loan, and a $30 million revolving credit line, with strict covenants and repayment schedules extending to June 2029. The proceeds will primarily go towards retiring existing debts and supporting Nuvera’s general corporate activities, with additional provisions allowing for future incremental loans.
Learn more about NUVR stock on TipRanks’ Stock Analysis page.