Turbo Energy Extends Credit Facility and Lowers Financing Costs
Turbo Energy completed the restructuring of its bank financing by amending its revolving credit facility to extend maturities and revise covenants. The new terms lower the company’s interest expense and bolster its liquidity to support ongoing capital investments.
1. Completion of Bank Financing Restructure
Turbo Energy finalized amendments to its existing bank credit facility, extending maturity dates, adjusting covenant ratios and reducing borrowing spreads. The restructured facility improves liquidity and cuts near-term debt servicing costs, positioning the company to advance its planned capital expenditure and operational growth objectives.
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