Hub refinances $6.4bn in debt, expands credit facility
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Hub refinances $6.4bn in debt, expands credit facility

Thorsten Schier
June 22, 2023
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Hub has completed a $6.9bn debt raise to refinance the company's $6.4bn term loan coming due in 2025 and raised its revolving credit facilities by more than $200mn.

It extends the maturity of the new debt to 2030. The increased credit facility will be used for “additional acquisitions while fueling investments in strategic initiatives that drive organic growth”, the company said.

Marc

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