07:27 AM EDT, 10/18/2024 (MT Newswires) -- Maxim Power ( MXGFF ) reported overnight Thursday the voluntary repayment of $49.9 million owed within the senior credit facility.

As a result, Maxim said the fixed rate construction facility and the bank term facility #1 are reduced to nil and no longer available.

The company added that there are no other changes to its senior credit facility, with the combined capacity of the revolver facility #1 and the letter of credit facility #1 remaining unchanged at $19.1 million.

Following the voluntary repayments, Maxim said it has $69.3 million of unrestricted and restricted cash, of which $50.8 million is unrestricted and $18.5 million is restricted.