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ADAMS RESOURCES & ENERGY, INC. ANNOUNCES AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT FACILITY

PR Newswire - Fri Aug 12, 2022

HOUSTON, Aug. 12, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announced that it signed an amended and restated senior secured revolving credit facility. The agreement increases the Company's credit facility from $40 million to $60 million and extends the maturity from May 2024 to August 2025. The pricing structure of the new facility is materially unchanged from the existing credit facility, with a change to a SOFR-based pricing grid. At the time of the closing, Adams only has $8.2 million of letters of credit drawn against the revolver.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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