06:29 AM EDT, 08/18/2025 (MT Newswires) -- Accord Financial ( ACCFF ) late on Friday said it has amended its senior secured revolving credit facility to extend the maturity date to Dec. 15.

The amendment comes after two short-term extensions on July 25 and Aug. 8, which extended the maturity date to Aug. 15.

Under the new terms, the total commitment will be reduced to $200 million from $260 million. The amendment also incorporates milestones tied to potential asset sales, increases the interest rate on drawn amounts by 1%, and updates certain financial covenants.

The extension provides time for the company to continue pursuing strategic initiatives to address maturing debt obligations totaling $217.6 million as of June 30, 2025, and coming due by Jan. 31, 2026. These strategic initiatives include potential divestitures of portfolio assets or business units and other financing alternatives.