Key Tronic (KTCC) Announces New Credit Facilities
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Key Tronic Corporation Announces New Credit Facilities
December 5, 2024 4:32 PM ESTSPOKANE VALLEY, Wash., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced that it entered into a new financing arrangement with the Bank of Montreal and Callodine Commercial Finance which extends and increases its access to working capital through December 2029. The combined financing agreement provides up to $143 million in availability, subject to the Companys borrowing base and other limitations. The new credit agreements replace Key Tronics asset-based line of credit with Bank of America, which was set to expire in... More
