Expro Group Expands Credit to Acquire Coretrax and Issues Shares
Company Announcements

Expro Group Expands Credit to Acquire Coretrax and Issues Shares

Expro Group Holdings (XPRO) has issued an announcement.

On May 15, 2024, Expro Group Holdings N.V. boosted its revolving credit facility by $90 million, bringing the total to $340 million, to finance the acquisition of Coretrax, a subsidiary now fully owned. In conjunction with the acquisition, a Registration Rights Agreement was established, dictating the resale and transfer timeline of the company’s shares. The acquisition was finalized with a combination of cash and common stock, and shares were issued under specific legal exemptions, details of which were announced in a press release.

See more data about XPRO stock on TipRanks’ Stock Analysis page.

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