Cubic Strengthens Financial Flexibility with Restructuring of Debt and Revolver Credit Increase
SAN DIEGO–(BUSINESS WIRE[1])–Cubic Corporation[2] (NYSE:CUB) today announced it entered into an amended and restated credit agreement, providing Cubic with a new $450 million unsecured term loan and upsizing Cubic’s existing unsecured revolving credit facility from $800 million to $850 million. The maturity date of the revolving credit facility was extended to March 27, 2025 and the maturity date of the...