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The latest update is out from Janel ( (JANL) ).
On December 29, 2025, Janel Corporation and certain subsidiaries entered into a new senior secured credit agreement with a syndicate led by Santander Bank and First Merchants Bank, establishing a $59.12 million senior credit facility comprising a $40 million revolving line, a $6 million term loan, a $3.12 million mortgage loan, and up to $25 million in acquisition-related commitments, secured by substantially all of the obligors’ real and personal property and subject to tiered interest margins tied to the company’s leverage. A portion of the proceeds was used to refinance existing facilities supporting Janel’s logistics, life sciences and manufacturing segments, while the new agreement imposes leverage and coverage ratio covenants, limits on additional debt, liens, asset sales and capital distributions, and provides a six-year maturity to December 29, 2030, thereby reshaping the company’s capital structure and providing expanded flexibility for future acquisitions within defined financial constraints.
More about Janel
Janel Corporation operates through logistics, life sciences and manufacturing segments, providing services and products that span transportation, distribution and specialized industrial and scientific applications, with its subsidiaries serving as key borrowers and guarantors in its financing arrangements.
Average Trading Volume: 503
Technical Sentiment Signal: Strong Buy
Current Market Cap: $43.21M
Find detailed analytics on JANL stock on TipRanks’ Stock Analysis page.