Brief: Atlas Further Simplifies Capital Structure With Interest Rate Cap Agreement

Atlas Critical Minerals

16/06/2022 13:03

June 16 (Reuters) - Atlas Technical Consultants Inc
 ATCX.O :
    * ATLAS FURTHER SIMPLIFIES CAPITAL STRUCTURE WITH INTEREST
RATE
CAP AGREEMENT
    * RECENTLY ENTERED AN INTEREST RATE CAP TRANSACTION WITH
JPMORGAN
CHASE BANK
    * ATLAS TECHNICAL CONSULTANTS - TRANSACTION  INTENDED TO
MITIGATE
THE RISK OF POTENTIAL INTEREST RATE FLUCTUATIONS ON THE
COMPANY’S INTEREST EXPENSE
    * ATLAS TECHNICAL CONSULTANTS - UNDER THE TRANSACTION, THE
VARIABLE PORTION OF THE COMPANY’S INTEREST EXPENSE WHICH IS TIED
TO LIBOR IS CAPPED AT 3.0%
    * ATLAS TECHNICAL CONSULTANTS - THE TRANSACTION IS EFFECTIVE
AS OF
JUNE 1, 2022 AND HAS A MATURITY DATE OF JUNE 1, 2025

Source text for Eikon:  ID:nGNX4XzX38 
Further company coverage:  ATCX.O 

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