Resolute Holdings secures $5 million credit facility

Resolute Holdings Management , Inc. (NASDAQ:RHLD), a company specializing in finance services, announced today that it has entered into a credit agreement with JPMorgan Chase (NYSE:JPM) Bank, N.A., securing a $5 million senior secured revolving credit facility. The credit line, which matures on May 31, 2026, will support the company’s liquidity and operational needs. According to InvestingPro data, RHLD maintains strong financial health with liquid assets exceeding short-term obligations, while remaining profitable over the last twelve months.

The new credit facility offers Resolute Holdings the option to pay interest at a fluctuating rate pegged to the prime rate as quoted by the Wall Street Journal or a Term SOFR based benchmark rate, plus a margin of 2.25%. The agreement also includes financial covenants that the company must adhere to, such as maintaining a minimum liquidity ratio and revenue requirement. Starting March 31, 2026, the company will also have to maintain a leverage ratio not exceeding 1.50 to 1.00 at the end of any fiscal quarter. For deeper insights into RHLD’s financial metrics and additional analysis, InvestingPro subscribers have access to over 30 key financial indicators and exclusive ProTips.

Resolute Holdings’ engagement in this material definitive agreement underscores the company’s financial strategy as it continues to navigate the finance services industry. The credit facility is expected to provide financial flexibility and support the company’s growth initiatives.

The information disclosed in this article is based on the statements from a press release and the credit agreement filed with the SEC. The agreement’s full terms have been outlined in Exhibit 10.1 of the 8-K filing by Resolute Holdings Management, Inc.

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