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NEXTracker, Inc. Class A ( (NXT) ) has issued an announcement.
On February 14, 2025, Nextracker Inc. and its subsidiary Nextracker LLC amended their Credit Agreement with JPMorgan Chase Bank to alter the terms regarding permitted indebtedness related to surety bonds. This adjustment allows for an unlimited amount of surety bonds under certain leverage conditions or bonds up to 200% of the Borrower’s Consolidated EBITDA, enhancing the company’s financial flexibility. Additionally, on February 19, 2025, the company repaid all outstanding obligations under the term loan, potentially improving its financial position and reducing debt liabilities.
More about NEXTracker, Inc. Class A
YTD Price Performance: 22.25%
Average Trading Volume: 2,614,387
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $7.03B
See more data about NXT stock on TipRanks’ Stock Analysis page.