Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ribbon Communications (RBBN) has issued an update.
Ribbon Communications Inc. secured a comprehensive financing deal on June 21, 2024, through a $385 million credit agreement with HPS Investment Partners and Whitehorse Capital Management leading the transaction. This agreement enabled the company to settle previous debts and redeem its outstanding Series A Preferred Stock. Offering both term and revolving loan facilities, the credit arrangement also allows for future expansion of credit under certain conditions and includes a range of covenants and default provisions, ensuring the company’s adherence to financial ratios and restrictions on its operations.
Find detailed analytics on RBBN stock on TipRanks’ Stock Analysis page.
