Core Molding Technologies has successfully extended and amended its credit facility through 2031, increasing its borrowing capacity to $100 million split between a $50 million delayed draw term loan and a $50 million revolving credit facility. The new credit terms include a covenant-light structure and interest rates tied to SOFR plus a margin based on leverage, enhancing the company's financial flexibility. This extension supports Core Molding's long-term growth strategy by providing additional funds to invest in operations, organic growth, and acquisitions while maintaining a strong balance sheet. The company serves various industries across North America with engineered molded structural products and aims to leverage this facility to create long-term shareholder value.
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Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
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