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The latest update is out from Gorman-Rupp Company (GRC).
On May 31, 2024, the Company successfully paid off its approximately $91.8 million debt, clearing all obligations of its Subordinated Credit Agreement well before its maturity date in 2027. Following this significant financial move, the Company announced the closure of these transactions via a press release on June 3, 2024, signaling a strong position within the financial markets and showcasing their ability to settle debts ahead of schedule.
For an in-depth examination of GRC stock, go to TipRanks’ Stock Analysis page.