Hudson Technologies has entered into a new revolving credit facility with Wells Fargo Bank, which provides up to $60 million in borrowing capacity from time to time, subject to a borrowing base.
In conjunction with entry into the Wells Fargo credit facility, the company repaid in full its revolving loans from PNC Bank, and the revolving credit facility with PNC Bank was terminated.
In addition, on December 19, 2019 Hudson entered into a waiver and fourth amendment to its term loan credit and security agreement.
