QIPT NEWShttps://www.globenewswire.com/news-release/2021/11/22/2339190/0/en/Quipt-Announces-Execution-of-LOI-to-Acquire-Leader-in-Comprehensive-Respiratory-Care-Within-the-Long-Term-Care-Setting-With-Approximately-14-Million-in-Annualized-Revenue-and-1-Mil.html
Update on Debt Facility
In Fall of 2021, the Company had initiated steps to increase its $20 million credit facility to support the robust pipeline of acquisitions that it was building. The Company is now in the final stages of securing a commitment on increasing the debt facility to $100 million. The primary use of this facility is to fund large acquisitions and to support working capital.