Touchstone Exploration Announces Amended Loan Agreement to Support Pending Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2025
0mins
Source: Yahoo Finance
Loan Agreement and Acquisition Details: Touchstone Exploration Inc. has entered into a Fourth Amended Loan Agreement with its Trinidadian subsidiary, which includes a new $30 million term loan to finance the acquisition of a Trinidad-based company for approximately $28.5 million, subject to certain conditions.
Financial Position and Forward-Looking Statements: The company currently holds $33.5 million in debt and anticipates that the acquisition will enhance its financial position, although actual results may vary due to inherent risks and uncertainties associated with forward-looking statements.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
