Nutritional product company Omega Protein entered into a new $125 million (€108.2 million) revolving credit agreement today, which matures in August 2020.
The new credit facility will replace both the company's $70 million (€60.6 million) credit facility and Bioriginal Canada's CAD 20 million (€13.1 million/$15.1 million) credit facility, and it is expected to lower aggregate revolving credit facility costs.
The company also prepaid $8.4 million (€7.3 million) of Title XI loans, with coupons ranging from 6.5 percent to 7 percent and maturity dates occurring through 2020, using borrowings from the new facility.
Omega
