Acme United Expands Debt Capacity to Fund Growth and Acquisitions
Acme United Corporation (US: ACU – $32.37) entered into a new mortgage agreement with HSBC Bank for $11.6 million. The lender provided an attractive loan fixed at 3.8% for 7 years with a 20-year amortization schedule. Given the rising inflation and subsequent interest rates, it’s a wise decision of Acme’s management to negotiate a loan with a fixed rate. The […]
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