July 13, 2021 11:23 AM 24 seconds read

Charles & Colvard Enters $5M Credit Facility With JPMorgan Chase Bank

by Shivani Kumaresan Benzinga Staff Writer
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  • Jewelry company Charles & Colvard Ltd CTHR  announced a commercial banking relationship with JPMorgan Chase Bank, N.A.
  • The partnership includes a $5 million credit facility, executed July 12, 2021, following the termination of prior credit facility with White Oak Commercial Finance, effective July 9, 2021.
  • The company held $19.6 million in cash and equivalents as of March 31, 2021.
  • Price action: CTHR shares are trading lower by 1.78% at $2.76 on the last check Tuesday.
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CTHRCharles & Colvard Ltd
$0.3500-28.6%

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