PEARL RIVER, NY – JUNE 26, 2012 – Hudson Technologies, Inc. (NASDAQ: HDSN), announced that it has executed a new, three-year $27 million secured revolving credit facility with PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC). The new facility replaces the Company’s previous $15 million revolving credit facility with Keltic Financial Partners, LP.
Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented,
“We are at an exciting juncture in our growth. This new credit facility will not only help support our near term growth opportunity given the current R-22 phase out, but also strengthens our balance sheet for longer term growth efforts. We look forward to a long-term relationship with PNC, a leading national financial institution. We would also like to thank Keltic Financial for the outstanding relationship we have had with them for over eight years.”