debt
confidence high
sentiment positive
materiality 0.65
inTEST expands term loan facility by $25.5M to $50.5M, extends maturity to Sep 2027
INTEST CORP
- Total term loan facility increased from $25M to $50.5M; $30M remains available after prior $20.5M draw.
- Maturity extended to September 2027 for both term loan and existing $10M revolving credit facility.
- Interest rate currently ~5.1% based on SOFR or base rate plus applicable margin depending on leverage.
- CFO cites expanded funding to support organic and inorganic growth initiatives under 5-Point Strategy.