Medpace (NASDAQ:MEDP) boosts liquidity with credit line extension

Medpace Holdings(NASDAQ:MEDP), a leading full-service clinical contract research organization, announced that it has entered into a significant amendment to its existing unsecured credit facility with PNC Bank, National Association.

This amendment modifies the terms of MEDP's line of credit, allowing it to borrow up to $10 million and extending the expiration date of the revolving credit note to March 31, 2025.

This development underlines the company's efforts to ensure long-term financial stability and flexibility.