Transcat Inc.
07/29/2025 | Press release | Distributed by Public on 07/29/2025 14:12
Transcat Closes New 5-Year $150 Million Syndicated Secured Credit Facility with M&T Bank
Transcat Closes New 5-Year $150 Million Syndicated Secured Credit Facility with M&T Bank
ROCHESTER, NY - July 29, 2025 - Transcat, Inc. (Nasdaq: TRNS) ("Transcat" or the "Company"), a leader in test measurement, control and calibration, today announced the successful closing of a new 5-year $150 million secured credit facility with a syndicate led by Manufacturers and Traders Trust Company ("M&T"), a leading superregional bank known for its commitment to fostering economic growth, and includes additional lenders Wells Fargo Bank, N.A. ("Wells Fargo") and Bank of America, N.A. ("Bank of America"), replacing the existing $80 million credit facility with M&T which has been terminated.
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