Vertex Energy, Inc. (VTNR) said it has has reached an agreement with existing group of lenders to modify certain terms and conditions of the term loan agreement aimed at improving the company's balance sheet. The amended term loan provides for an incremental $50.0 million in borrowings to the company, the full amount of which was borrowed upon closing, which brings the total outstanding balance on the term loan to $198.0 million.
The company noted that the lenders also have the option in their sole discretion to provide up to an additional $25.0 million of lending availability under the term loan.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.