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- Gibraltar Industries Inc ROCK has closed on a $400 million five-year revolving credit facility.
- The new facility replaces a revolving credit agreement maturing in January 2024.
- Gibraltar also has the option to increase the size of the facility by up to an additional $300 million.
- The new facility is due to mature in December 2027.
- The company expects the credit facility to provide liquidity to fund M&A opportunities to strengthen its portfolio, maintain its share buyback program, and for general corporate purposes.
- Price Action: ROCK shares are trading lower by 0.10% at $48.63 on the last check Friday.
- Photo Via Company
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