Janel Corp amends credit facility, adds $12M bridge loan for Rubicon tender offer

JANEL CORP

Increased revolving credit facility from $31.5M to $35M; new $12M bridge term loan for Rubicon acquisition.
Bridge loan matures 20 business days after funding or upon Rubicon dividend payment; must be drawn by Sept 15, 2022.
Lender consents to Rubicon tender offer (up to 45% of shares) and $2.5M dividend from Janel Group to parent.
Waiver auto-rescinds if Rubicon acquisition not consummated by Sept 15, 2022.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.