Mastech Holdings, Inc. Announces Expansion of Credit Facility With PNC Bank; Increase To $19 Million From $10 Million
Mastech Holdings, Inc. (NYSE: MHH) announced today that the Company has amended its loan agreement with PNC Bank. Under the amended credit facility, the maximum borrowing amount will increase to $19 million from $10 million. The amended credit facility will expire on August 31, 2014.
The amended credit facility is comprised of a $15 million revolving credit loan, to be used for general corporate purposes, and a $4 million delayed draw term loan, to be used to facilitate acquisitions.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.