INNOVATE Corp Secures $220M Credit Agreement

An announcement from INNOVATE Corp ( (VATE) ) is now available.

On May 20, 2025, DBM Global Inc., a subsidiary of INNOVATE Corp., entered into an amended and restated credit agreement providing $220 million in senior secured debt financing, consisting of an $85 million term loan and a $135 million revolving credit facility. This agreement, led by UMB Bank, aims to repay existing debt and enhance working capital, supporting DBMG’s growth and operational flexibility, with the facility maturing in 2030.

Spark’s Take on VATE Stock

According to Spark, TipRanks’ AI Analyst, VATE is a Neutral.

INNOVATE Corp’s overall stock score reflects a mix of operational strengths and significant financial challenges. While specific segments show promising growth and strategic developments, significant debt levels, declining revenues, and negative net income weigh heavily on the company’s financial health. Technical indicators reinforce a bearish outlook, and valuation metrics are unattractive due to persistent losses.

To see Spark’s full report on VATE stock, click here.

More about INNOVATE Corp

INNOVATE Corp. is a portfolio company with assets in Infrastructure, Life Sciences, and Spectrum, employing around 3,100 people across its subsidiaries. DBM Global Inc., a subsidiary of INNOVATE, offers integrated steel construction services, including design-assist, engineering, and project management, serving markets such as commercial, healthcare, and public works, with operations in multiple countries.

Average Trading Volume: 56,440

Technical Sentiment Signal: Strong Sell

Current Market Cap: $78.9M

Find detailed analytics on VATE stock on TipRanks’ Stock Analysis page.