Over a week ago | ||||
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk lowered the firm's price target on AirBoss of America to C$35.50 from C$51 and keeps a Buy rating on the shares. | ||||
TD Securities analyst Tim… TD Securities analyst Tim James lowered the firm's price target on AirBoss of America to C$40 from C$51 and keeps a Buy rating on the shares. | ||||
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk lowered the firm's price target on AirBoss of America to C$51 from C$58 and keeps a Buy rating on the shares. |
Over a month ago | ||||
TD Securities analyst Tim… TD Securities analyst Tim James lowered the firm's price target on AirBoss of America to C$51 from C$52 and keeps a Buy rating on the shares. |
Over a quarter ago | ||||
TD Securities analyst Tim… TD Securities analyst Tim James lowered the firm's price target on AirBoss of America to C$52 from C$53 and keeps a Buy rating on the shares. |
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk raised the firm's price target on AirBoss of America to C$58 from C$51 and keeps a Buy rating on the shares. | |
TD Securities analyst Tim… TD Securities analyst Tim James raised the firm's price target on AirBoss of America to C$53 from C$49 and keeps a Buy rating on the shares. | |
CIBC analyst Scott… CIBC analyst Scott Fromson lowered the firm's price target on AirBoss of America to C$54 from C$55 and keeps an Outperformer rating on the shares. | |
TD Securities analyst Tim… TD Securities analyst Tim James raised the firm's price target on AirBoss of America to C$49 from C$47 and keeps a Buy rating on the shares. | |
AirBoss of America… AirBoss of America announced that it has updated its senior secured credit facilities with an expanded syndicate of major banks to increase the available size, extend the maturity date, and provide the Company with improved terms, lower pricing and increased flexibility. Key changes include the following: Increased revolving credit availability to $250M with an accordion of $75M; Elimination of the Company's amortizing term loan; The maturity date is now September 23, 2026; No principal payments prior to maturity; More flexible financial covenants and conditions related to size of permitted acquisitions. The increased facilities are intended to cover upfront working capital costs necessary to execute on the Company's existing and potential future contracts, as well as provide increased flexibility to execute on the Company's inorganic growth strategies. The expanded syndicate of lenders consists of The Toronto-Dominion Bank, as sole lead arranger, National Bank of Canada, Comerica Bank, J.P. Morgan, Bank of Montreal, Canadian Imperial Bank of Commerce and Royal Bank of Canada. |