Dye & Durham (TSE:DND) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Dye & Durham has announced a reduction in the interest rate spread on its Term Loan B Facility to 4.00%, driven by strong business performance and a lower Net Debt-to-Adjusted EBITDA ratio. This adjustment is expected to lead to significant annualized net interest cost savings for the company. The move reflects management’s commitment to reducing net leverage and enhancing financial stability.
For further insights into TSE:DND stock, check out TipRanks’ Stock Analysis page.