debt
confidence high
sentiment neutral
materiality 0.65
Joint Corp. expands senior secured revolver to $20M; uncommitted line to $30M
JOINT Corp
- Revolver increased from $2M to $20M; letter of credit subfacility from $1M to $5M.
- Uncommitted additional line of credit raised to $30M (from $2.5M); $5.5M developmental line terminated.
- Maturity extended to February 28, 2027; interest at SOFR+0.10%+1.75% or ABR+1.00%.
- Proceeds intended for working capital, acquisitions, development, and general corporate purposes.