Patrick Industries Expands Credit Facility To $925M


20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


  • Patrick Industries Inc (NASDAQ:PATKhas amended its credit agreement to expand its existing senior secured credit facility to $925 million from $700 million. 
  • The expanded credit facility includes a $775 million revolving credit facility and a $150 million term loan. 
  • The maturity date for borrowings under the credit agreement was extended to August 2027 from April 2026.
  • The base interest rates for borrowings under the credit agreement were changed to the Secured Overnight Financing Rate (SOFR) from LIBOR.
  • Price Action: PATK shares are trading higher by 1.26% at $63.27 on the last check Monday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.


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