CPI Card Group Inc. announced that it has entered into Amendment No. 1 to its existing credit agreement. This amendment significantly increases the company's financial flexibility.
The key change in the amendment is an increase in the borrowing capacity of its ABL revolving credit facility. The capacity has been raised to $100 million, providing additional liquidity for the company.
This expanded credit facility can support CPI Card Group's ongoing operational needs and strategic growth initiatives. It enhances the company's ability to manage working capital and fund future investments.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.