debt
confidence high
sentiment neutral
materiality 0.35
FutureFuel amends credit facility to $75M, reduces limit by $25M
FutureFuel Corp.
- New five-year revolving credit facility of up to $75M, effective Feb 21, 2025, expiring Feb 19, 2030.
- Reduction of $25M from prior $100M credit limit; PNC Bank no longer a party.
- Facility includes $30M letter of credit sublimit and $15M swingline sublimit.
- No borrowings were outstanding under the prior agreement; proceeds for working capital.
- Interest rate floats based on leverage ratio (SOFR + 1.00% to 2.00% or base + 0.00% to 1.00%).