Hudson finances ARI acquisition with PNC ABL facility and GSO/FS Investments term loan

Hudson Technologies will finance the ARI acquisition with cash, an enhanced $150 million asset-based lending facility from PNC Bank, and a new $95-110 million term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners. No new Hudson equity will be issued.

“The acquisition will be financed with available cash balances plus borrowings under an enhanced asset based lending facility of $150 million from PNC Bank and a new term loan from funds advised by FS Investments and sub-advised by GSO Capital Partners LP of between $95 million and $110 million. No additional Hudson equity will be issued to finance this transaction.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.