Brief: Medifast And Certain Subsidiaries Enter Into Credit Agreement

Medifast

19/04/2021 14:26

April 19 (Reuters) - Medifast Inc  MED.N :
    * MEDIFAST INC SAYS ON APRIL 13, CO AND CERTAIN OF ITS
SUBSIDIARIES ENTERED INTO A CREDIT AGREEMENT - SEC FILING
    * MEDIFAST INC SAYS CREDIT AGREEMENT PROVIDES FOR $125
MILLION
SENIOR SECURED REVOLVING CREDIT FACILITY WITH $20 MILLION LETTER
OF CREDIT SUBLIMIT
    * MEDIFAST - CREDIT AGREEMENT ALSO PROVIDES FOR UNCOMMITTED
INCREMENTAL FACILITY THAT PERMITS CO TO INCREASE SENIOR SECURED
REVOLVING CREDIT FACILITY BY UP TO $100 MILLION

Source text: (https://bit.ly/3x0LVHg)
Further company coverage:  MED.N 

 ((Reuters.Briefs@thomsonreuters.com;))