12:04 PM 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 No.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 No.1 and the letter of credit facility No.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.

Maxim shares were last seen up $0.26 to $4.10 on the Toronto Stock Exchange.

Price: 4.10, Change: +0.26, Percent Change: +6.77