NYSE:MODBuilding
A Look At Modine Manufacturing’s (MOD) Valuation After Expanding Its Credit Facility By $150 Million
Why Modine’s expanded credit facility matters for shareholders
Modine Manufacturing (MOD) recently amended its credit agreement, raising total revolving commitments by $150 million to $550 million and increasing capacity for up to $250 million in future incremental revolving commitments and term loans.
This financing move gives Modine more optionality around funding future projects or acquisitions, while also adding flexibility to replace lenders under certain conditions, an element some...