DLH Cuts Debt by $24.8 Million in Fiscal 2024, Amends Credit Facility for Flexibility-April 2024-www.financetom.com

DLH Cuts Debt by $24.8 Million in Fiscal 2024, Amends Credit Facility for Flexibility

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DLH Cuts Debt by $24.8 Million in Fiscal 2024, Amends Credit Facility for Flexibility

Nov 13, 2024 11:23 AM

09:38 AM EST, 11/13/2024 (MT Newswires) -- DLH Holdings ( DLHC ) said Wednesday it reduced its debt by $24.8 million during fiscal 2024.

Total debt was lowered to $154.6 million from $179.4 million as of September 30, aided by a focus on voluntary prepayments, the company said.

DLH Holdings ( DLHC ) also said it amended its credit agreement to increase flexibility, adjusting leverage ratios and reducing the revolving loan capacity to $50 million from $70 million to align with operational needs.

Shares of the company were down nearly 4% in early trading.

Price: 8.68, Change: -0.35, Percent Change: -3.88

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