Hill International (HIL) Enters $100 Million Credit Agreement with Bank of America (BAC); Shares Spike
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Hill International (NYSE: HIL) has entered into a credit agreement with a consortium of banks led by Bank of America, N.A. (NYSE: BAC). The new credit agreement provides for a senior credit facility which increases Hill's borrowing capacity from $60 million to $100 million.
"This new credit facility provides our company with the increased borrowing capacity we need to continue to expand our business and create value for our stockholders," said Irvin E. Richter, Hill's Chairman and Chief Executive Officer.
Hill International, Inc. provides fee-based project management and construction claims services primarily in the United States, Europe, the Middle East, North Africa, and the Asia Pacific. [SM]
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