Finance Colombia » Tecnoglass Amends Credit Facility, Increasing Capacity to $500 Million USD
Tecnoglass Inc. (NYSE: TGLS), a manufacturer of architectural glass and aluminum and vinyl windows, has amended its senior secured revolving credit facility, expanding its borrowing capacity from $150 million USD to $500 million USD. (NYSE: TGLS) produces aluminum and vinyl windows and architectural glass for the multifamily, single-family, and commercial end markets. Operating from a vertically integrated manufacturing complex in Barranquilla, Colombia, the company serves customers in North, Central, and South America, with the United States accounting for 95% of its total revenues. Tecnoglass products have been used in properties such as One Thousand Museum in Miami, Salesforce Tower in San Francisco, and Hub50House in Boston. The credit facility was arranged by Wells Fargo Bank N.A.The credit line increases to $500 million USD from $150 million USD, providing significant financial flexibility for growth and capital allocation.Wynn, Miami. Photo credit: Tecnoglass.Tag: aluminum, architectural glass, barranquilla, BMO Bank N.A, boston, Citibank N.A., Citizens Bank N.A, colombia, First Citizens Bank & Trust Company, hub50house, J.P.