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Stock impact report

Ducommun announces new credit facility [Seeking Alpha]

Ducommun Incorporated (DCO) 
Last ducommun incorporated earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Ducommun (NYSE: DCO ) entered into a new credit facility, consisting of a $100M revolving line of credit and a $240M term loan, to replace its existing $200M revolving line of credit and its $275M term loan, both maturing in June 2020. The new revolving line of credit matures in November 2023 and the new term loan matures in November 2025. The initial variable interest rate on the new revolving line of credit will be LIBOR plus 2.25%, subject to adjustments based on the Company’s leverage ratio, and the rate on the new term loan will be LIBOR plus 4.00%, amortizing 1% annually. Source: Press Release Click to subscribe to real-time analytics on DCO Now read: Kosmos Energy prices secondary public offering of common shares » Subscribe for full text news in your inbox Show less Read more
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