Tecnoglass Upsizes Revolving Credit Facility and Extends Maturity Date to 2026
Tecnoglass Inc. Ordinary Shares (TGLS)
Last tecnoglass inc. ordinary shares earnings: 3/2 07:00 am
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Source: GlobeNewswire
- Increases Currently Untapped Committed Facility from $50 Million to $150 Million And Reduces Interest From an All-In Rate of 3.25% to 1.90% at Current Rates - - Lowers Interest Expense by an Estimated $3 Million Annually, Representing Cumulative Annual Interest Savings of ~$15 Million Through Refinancing Activities Since 2020 - - Outstanding Debt Remains Unchanged; Net Debt to Adjusted EBITDA Ratio Remains at All-Time Low - Barranquilla, Colombia, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or the "Company"), a leading manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today announced it has amended its senior secured revolving credit facility to (i) increase the borrowing capacity under its committed Line of credit from $50 million to $150 million , (ii) reduce its borrowing costs by an approximate 130 basis points, and (iii) extend the initi
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News
- Tecnoglass Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Tecnoglass Reports First Quarter 2024 ResultsGlobeNewswire
- CBT, ATLX and GURE are among materials movers [Seeking Alpha]Seeking Alpha
- Tecnoglass Inc. (NASDAQ: TGLS) had its price target lowered by analysts at Robert W. Baird from $65.00 to $64.00. They now have an "outperform" rating on the stock.MarketBeat
- Should You Think About Buying Tecnoglass Inc. (NYSE:TGLS) Now? [Yahoo! Finance]Yahoo! Finance
TGLS
Earnings
- 5/9/24 - Miss
TGLS
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 3/11/24 - Form 4
- TGLS's page on the SEC website