Arq Closes $30 Million Revolving Credit Facility With MidCap Financial

MT Newswires Live

01-02

Arq (ARQ) said Thursday it has closed an up to $30 million asset-based revolving credit facility with MidCap Financial.

The company said it intends to use the proceeds to refund its outstanding CF Global term loan, finance growth capital expenses and working capital requirements related to its investment at the Red River plant, and support general corporate purposes.

The facility has a five-year term, Arq added.

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