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An update from Arq Inc ( (ARQ) ) is now available.
Arq, Inc. announced the successful closing of a $30 million revolving credit facility with MidCap Financial, which will enhance the company’s financial flexibility and reduce its cost of capital. The proceeds are intended to refinance an existing term loan, finance growth capital expenditures and working capital at the Red River plant, and support general corporate purposes, marking a significant milestone for the company’s strategic growth.
More about Arq Inc
Arq, Inc. is a diversified environmental technology company that produces activated carbon and other environmentally efficient carbon products. It is the only vertically integrated producer of activated carbon products in North America, delivering innovative solutions to remove harmful chemicals and pollutants from water, land, and air.
Average Trading Volume: 247,336
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $318.2M
For detailed information about ARQ stock, go to TipRanks’ Stock Analysis page.