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Seneca Foods ( (SENEA) ) has shared an announcement.
Seneca Foods Corporation has entered into a new Loan and Security Agreement establishing a senior revolving credit facility of up to $450 million, which is seasonally adjusted to a maximum of $400 million. This agreement, replacing a prior loan arrangement, is aimed at enhancing the company’s financial flexibility for various corporate purposes, including acquisitions and capital expenditures, while imposing certain financial covenants and restrictions.
More about Seneca Foods
Seneca Foods Corporation, along with its subsidiaries such as Seneca Snack Company and Green Valley Foods, LLC, operates within the food industry, focusing on producing and distributing a variety of food products. The company has a notable presence in the snack and canned food markets.
YTD Price Performance: 49.45%
Average Trading Volume: 19,405
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $540M
Learn more about SENEA stock on TipRanks’ Stock Analysis page.
