NasdaqGS:PLXSElectronic
The Bull Case For Plexus (PLXS) Could Change Following Major Credit Facility Expansion - Learn Why
Plexus Corp. recently entered into a Second Amended and Restated Credit Agreement, replacing its 2022 facility with a revolving credit line of up to US$500 million, extendable to US$750 million, and pushing the maturity date out to June 5, 2031.
The extended term, larger borrowing capacity and covenant structure tied to leverage and interest coverage ratios give Plexus added financial flexibility that could influence how it funds operations, acquisitions and global expansion over the coming...