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Hagerty Inc Class A ( (HGTY) ) has issued an update.
On March 7, 2025, The Hagerty Group, LLC secured a $375 million senior unsecured revolving credit facility from JPMorgan Chase Bank and other lenders, with a five-year term. This new facility allows for borrowings in foreign currencies and includes an uncommitted accordion feature, enhancing Hagerty’s financial flexibility. The proceeds were used to repay and terminate a prior credit agreement from December 2018, which had an outstanding balance of $50.3 million as of December 31, 2024.
More about Hagerty Inc Class A
YTD Price Performance: -1.11%
Average Trading Volume: 51,171
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.33B
For a thorough assessment of HGTY stock, go to TipRanks’ Stock Analysis page.