07:22 AM EDT, 10/28/2025 (MT Newswires) -- Dye & Durham ( DYNDF ) overnight Monday confirmed that it continues to generate positive operating cash flow and maintains sufficient liquidity to service its debt obligations and day-to-day working capital needs.

The company said the Credas divestiture, announced earlier this month, and which is expected to close by January, will generate $146 million in gross proceeds. UK regulatory approval is anticipated to be received by December.

Net proceeds from the sale will be used to reduce debt, and the transaction is expected to reduce Dye & Durham's ( DYNDF ) net leverage ratio by 0.5x.

The company also has $185 million of cash held in two escrow accounts which will be used for settlement of the convertible senior unsecured debentures maturing March 1, 2026.