Hudson Technologies fully repays TCW Asset credit agreement

By Wendy Van Sickle

Columbus, Ohio, Aug. 21 – Hudson Technologies, Inc. fully repaid the balance outstanding under its credit agreement with TCW Asset Management Co. LLC, according to a news release.

Additionally, on July 31, Hudson fully repaid its $15 million first-in-last-out term loan.

Over the last 15 months, Hudson said it has paid down $100 million of term loan and FILO debt combined, resulting in over $10 million of annual savings on interest expense, inclusive of any prepayment fees.

Hudson’s asset-based lending facility with Wells Fargo Bank remains in place and will continue to be used for working capital needs, including ensuring the maintenance of adequate inventory balances.

Hudson Technologies provides services to the refrigeration industry and is based in Pearl River, N.Y.

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