debt
confidence high
sentiment neutral
materiality 0.35
Mastech Digital amends credit agreement: revolver increased to $40M, maturities extended
Mastech Digital, Inc.
- Revolving credit facility increased to $40M aggregate commitment.
- Term loan maturity extended to October 1, 2024; revolver to December 29, 2026.
- Benchmark interest rate switched from LIBOR to Bloomberg Short-Term Bank Yield Index (BSBY).
- New ability to borrow in Euros and Pound Sterling under revolver.