IDT Amends Credit Facility with TD Bank, Extending Maturity and Increasing Capacity

IDT Corporation's subsidiary, IDT Telecom, Inc., has amended its revolving credit agreement with TD Bank, N.A. The amendment extends the maturity date by approximately three years, increases the available credit on a seasonal basis, and adds several new corporate guarantors.

Key Details

• Maturity Extension: The maturity date of the revolving credit facility has been extended from August 16, 2026, to July 15, 2029.
• Increased Credit Capacity: The available credit limit is increased to $50.0 million during May and December each year, compared to $25.0 million during all other months.
• Additional Guarantors: National Retail Solutions, Inc., IDT Payment Services, Inc., and IDT Payment Services of New York, LLC have been added as corporate guarantors to the agreement.