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Arq Successfully Closes $30 million Revolving Credit Facility with MidCap Financial
Contract Type
contract
Description
Arq, Inc. successfully closed an asset-based revolving credit facility with MidCap Financial, expected to be utilized to refinance Arq's outstanding CF Global Term Loan, finance ongoing growth capital expenditures and working capital requirements related to the Company's strategic growth investment at its Red River plant, as well as support general corporate purposes. The closing of the Facility enhances Arq's financial flexibility and substantially reduces its cost of capital, aligning with the current business position.