International credit facilities (PSIX) (PSIX) has been strengthened to $ 135 million

Power Solutions International, Inc. (Nasdaq:PsixHe is one of You must buy small stocks that can be invested in. On August 11, the company announced that it had entered into a second amendment to its credit -not committed credit agreement with Standard Chartard.

A close image of a large industrial compressor in the oil and gas industry.

With the new agreement, the company’s borrowing capacity increased under credit facilities to $ 135 million. The agreement also extends to credit facilities until July 30, 2027, as Power Solutions International has paid all loans suspended under the previous shareholder loan agreement with Weichai America Corp.

The borrowers under the new credit facilities are of interest at the guaranteed financing rate applied during the night in addition to 2.10 % annually. The signing of the new agreement follows the company’s achievement of profitability and generating positive cash flows from operations for several years.

Power Solutions International, Inc. (NASDAQ: PSIX) is an industrial company that designs, manufacturing engines and energy -based energy systems. Its solutions are used in various industries, including power generation, industrial equipment and transportation.

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Detection: Nothing. This article was originally published in A monkey from the inside.