TSS Closes $20 Million Credit Facility With Susser Bank-February 2024-www.financetom.com

TSS Closes $20 Million Credit Facility With Susser Bank

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TSS Closes $20 Million Credit Facility With Susser Bank

Jan 7, 2025 10:01 AM

12:31 PM EST, 01/07/2025 (MT Newswires) -- TSS (TSSI) said Tuesday that it closed a $20 million credit facility with Susser Bank to fund improvements at a leased space in Georgetown Logistics Park in Texas.

The credit facility has a five-year term and an interest rate of one month term secured overnight financing rate plus 3% per annum, according to the company.

Payments will be interest-only for up to six months followed by full amortization, TSS added.

Shares of the company were down 8.3% in recent trading.

Price: 12.44, Change: -1.12, Percent Change: -8.26

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