trending Market Intelligence /marketintelligence/en/news-insights/trending/Obg6t9W7ZkEgY0gUDZEsPA2 content esgSubNav
In This List

Mitcham Industries repays credit facility

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Mitcham Industries repays credit facility

Mitcham Industries Inc. has repaid all its outstanding obligations under an amended revolving credit facility with HSBC Bank USA NA and canceled the credit agreement.

The agreement was originally for a $50.0 million, three-year revolving credit facility that matured Aug. 2, 2016. This facility was amended three times to reduce the amount to a $10.0 million revolving credit facility scheduled to mature Aug. 17, 2017.

No material early termination penalties were incurred related to the termination of the agreement.