Tornado Global Hydrovacs amended the company’s credit facility with The Toronto-Dominion Bank (TD Bank) to increase the revolving operating line of credit from $3 million to $6 million.
“The increase in the operating line provides us with the financial flexibility to manage the company’s increasing business,” Brett Newton, CEO of Tornado, said. “The relationship with TD has grown stronger since the original financing in July 2021 and the increase in the operating line is a reflection of the company’s growth and operating track record.”
All other terms of the credit facility, including the security and covenants, remain unchanged.
