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ADENTRA ( (TSE:ADEN) ) has provided an update.
ADENTRA Inc. has announced the extension of its credit facilities with Bank of America and a syndicate of lenders, securing $825 million in financing through a revolving credit facility and a term loan. This extension, which runs until 2030, provides financial flexibility for ADENTRA’s strategic initiatives, including its Destination 2028 plan aimed at achieving $3.5 billion in run-rate revenues and a 12% average ROIC, while maintaining stable financial terms.
More about ADENTRA
ADENTRA is one of North America’s largest distributors of architectural building products, serving the residential, repair and remodel, and commercial construction markets. The company operates 86 facilities across the United States and Canada, and its shares are listed on the Toronto Stock Exchange under the symbol ADEN.
YTD Price Performance: -3.02%
Average Trading Volume: 828
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $628.7M
For detailed information about ADEN stock, go to TipRanks’ Stock Analysis page.
