Aegion draws $35 million under revolver in first quarter

By Wendy Van Sickle

Columbus, Ohio, March 26 – Aegion Corp. drew approximately $35 million on its revolving line of credit in the first quarter to increase its cash position and provide a cushion against any unforeseen liquidity disruptions, according to a news release.

Additionally, the company said its management has held initial proactive discussions with its current lending group regarding expanded financial flexibility.

Based in St. Louis, Aegion provides infrastructure protection, proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.

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