Vertex Energy, Inc. (NASDAQ:VTNR) Q2 2019 Earnings Conference Call Transcript
Aug 07, 2019 • 09:00 am ET
with the Tensile transaction, our lending group agreed to amend and extend the company's existing asset-based term loan. Under the terms of the credit agreement, the lending group agreed to extend the maturity date of the loan from February 1, 2020 to February 1, 2021. Assuming we close Phase 2 of the Tensile transaction, we intend to reduce outstanding indebtedness under the facility by up to $9 million. We continue to have cash and access to our banking facilities, which are sufficient to support the operations of the business.
With that, I will turn the call over to the operator as we take questions from those joining us on the call today.