Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Nathan’s Famous (NATH) is now available.
On July 10, 2024, Nathan’s Famous, Inc. secured a financial restructuring by entering into a Credit Agreement, securing a $60 million Term Loan and up to a $10 million Revolving Loan to refinance existing debt and fund general corporate needs. This agreement, maturing in 2029, includes options for incremental borrowing and is subject to certain financial ratios and covenants. The company can prepay loans without penalties and must adhere to stipulated financial ratios, with mandatory repayments triggered by specific cash proceeds. The agreement imposes operational restrictions but does not require collateral, offering flexibility for corporate management.
See more data about NATH stock on TipRanks’ Stock Analysis page.