debt
confidence high
sentiment neutral
materiality 0.50
IDT Telecom amends TD Bank revolver: $50M cap in May/Dec, maturity extended to July 2029
IDT CORP
- Revolving credit limit increased to $50M during May and December, $25M other months.
- Maturity extended from Aug 16, 2026 to July 15, 2029.
- Adds National Retail Solutions, IDT Payment Services, and IDT Payment Services of NY as guarantors.
- Facility secured by assets of IDT Telecom, IDT Corp, and other subsidiaries; terms otherwise unchanged.