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JANEL Corporation enters into new Senior Credit Facility
JANL
Debt Issuance
New Projects/Investments
- JANEL Corporation (the "Company") entered into a senior secured Credit Agreement on December 29, 2025, providing for revolving, term loan, and acquisition credit facilities aggregating a principal up to $59,120,000.
- The Senior Credit Facility includes $40,000,000 in revolving commitments, a $6,000,000 Term Loan, a $3,120,000 Mortgage Loan, and an acquisition loan commitment of up to $10,000,000, with additional incremental commitments of up to $15,000,000.
- A portion of the proceeds from this new facility was used to repay all outstanding obligations under the Company's previous Santander Facility and a credit agreement with First Merchants Bank.
- The Senior Credit Facility matures on December 29, 2030, and includes financial covenants requiring the Company to maintain a minimum consolidated fixed charge coverage ratio of 1.20:1.00, a maximum consolidated leverage ratio of 4.50:1.00, and a maximum consolidated secured leverage ratio of 3.50:1.00.
Jan 2, 2026, 10:00 PM
Janel Corp's Janel Group LLC Acquired by Rubicon Technology, Inc.
JANL
M&A
Takeover Bid
- Rubicon Technology, Inc. completed the acquisition of Janel Group LLC from Janel Corporation on October 14, 2025, making Janel Group a wholly owned subsidiary of Rubicon.
- In exchange, Janel Corp received 7,000,000 shares of Rubicon common stock valued at $4.75 per share, and Rubicon assumed approximately $23 million in Janel Group indebtedness and net working capital liabilities.
- Following the transaction, Janel Corp's ownership in Rubicon increased from approximately 46.6% to 86.5% of Rubicon's common stock.
- Janel Corp intends to launch a tender offer on or about October 16, 2025, to acquire an additional 426,000 shares of Rubicon common stock at $4.75 per share in cash, which would bring its total ownership to approximately 91.0%.
- For the 12-month period ended June 30, 2025, Janel Group LLC generated approximately $181.3 million in revenues and $8.7 million in operating income.
Oct 14, 2025, 9:25 PM
Rubicon Technology Completes Acquisition of Janel Group
JANL
M&A
Takeover Bid
- Rubicon Technology, Inc. has completed the acquisition of Janel Group LLC, making Janel Group a wholly owned subsidiary of Rubicon.
- For the 12-month period ended June 30, 2025, Janel Group reported revenues of approximately $181.3 million and operating income of approximately $8.7 million.
- Janel Corp received 7,000,000 shares of Rubicon common stock valued at $4.75 per share for Janel Group, and Rubicon assumed approximately $23 million of Janel Group indebtedness.
- Following the transaction, Janel Corp's ownership in Rubicon increased from approximately 46.6 percent to approximately 86.5 percent of Rubicon's common stock.
- Janel Corp expects to make a tender offer for an additional 426,000 shares of Rubicon stock at $4.75 per share in cash, which would increase its ownership to approximately 91.0% of Rubicon's common stock outstanding.
Oct 14, 2025, 8:15 PM
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