Vertex Energy slumps on adding $50 mln to existing term loan

Vertex Energy

02/01/2024 15:16

(Updates)
    ** Shares of U.S. refiner Vertex Energy  VTNR.O  fall 12.4%
to $2.96
    ** Co says it amended its existing term loan agreement
    ** Amended term loan provides for an incremental $50 mln in
borrowings to VTNR, bringing total outstanding balance on the
term loan to $198 mln
    ** Additional financing expected to provide strategic
flexibility around potential transaction opportunities - VTNR
    ** VTNR fell ~52% in 2023

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com;))