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Avalon Holdings Corporation (NYSE:AWX) announced Wednesday that it has entered into a Change in Terms Agreement with Wesbanco Bank, Inc., amending its existing line of credit. The agreement, signed by Avalon Holdings and certain wholly-owned subsidiaries, extends the maturity date of the company’s Business Loan and Promissory Note Agreements from July 31, 2026 to July 31, 2027.
As of Wednesday, $3.2 million was drawn under the line of credit agreement. The original agreement was dated September 23, 2024. With a current ratio of 0.91 and total debt of $34.71 million, the company’s debt management remains a key focus area.
Other material terms of the line of credit remain unchanged and are described in the company’s previous filings with the Securities and Exchange Commission.
This information is based on a press release statement included in Avalon Holdings’ recent SEC filing.
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