AZEK Company ( (AZEK) ) just unveiled an announcement.
The AZEK Company Inc. secured a substantial $815 million credit facility to bolster its financial standing and support corporate growth. This facility, composed of a $440 million term loan and a $375 million revolving credit line, was primarily used to refinance existing debt, enhancing AZEK’s balance sheet and reducing interest rates. The move not only underscores market confidence in AZEK’s growth trajectory but also strengthens its commitment to investing in new opportunities and increasing market presence.
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