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Stock impact report

Integer Amends Its Senior Secured Credit Facility To Continue Strategy Execution Throughout The Pandemic

Integer Holdings Corporation (ITGR) 
Last integer holdings corporation earnings: 2/20 08:00 am Check Earnings Report
US:NYSE Investor Relations: investor.integer.net
Company Research Source: GlobeNewswire
PLANO, Texas, July 14, 2020 (GLOBE NEWSWIRE) -- Integer Holdings Corporation (“Integer”) (NYSE: ITGR) is pleased to announce that it has successfully completed an amendment to its senior secured credit facility as a precautionary step during the COVID-19 pandemic. Jason Garland, EVP & CFO said, “This covenant amendment enhances our ability to continue investing to execute our strategy throughout the pandemic, through continued bolt-on acquisitions and the execution of our operational strategic imperatives.  We appreciate the broad support of our senior lenders and the confidence they have shown in our business strategy.” Integer expects to maintain compliance with its covenant net leverage ratio and requested a covenant modification as a precautionary measure to provide additional cushion to allow for continued bolt-on M&A activity and protect against a prolonged pandemic.  The net leverage ratio was increased from the existing ratio of 4.00 to 1.00 to 4.75 to 1.00 for the period Show less Read more
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