Hudson Technologies gets new $60 million revolver, enters term loan amendment and waiver

By Wendy Van Sickle

Columbus, Ohio, Dec. 19 – Hudson Technologies, Inc. entered into a new revolving credit facility with Wells Fargo Bank, NA, which provides up to $60 million in borrowing capacity, subject to a borrowing base, according to a Thursday news release.

In conjunction with entry into the credit facility, the company repaid in full and terminated its revolving loans from PNC Bank, NA.

Also on Thursday, Hudson entered into a waiver and fourth amendment to its term loan credit and security agreement to waive financial covenant defaults at June 30 and Sept. 30 and to reset the maximum total leverage ratio financial covenant through Dec. 31, 2021; reset the minimum liquidity requirement; and add a minimum last-12-month adjusted EBITDA covenant.

Hudson Technologies provides services to the refrigeration industry and is based in Pearl River, N.Y.

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