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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

9.          SUBSEQUENT EVENTS

Credit Facility

Subsequent to June 30, 2022, the Company received a commitment from First Horizon Bank to expand its existing loan agreement from $50,000 to $100,000 on substantially the same terms and with the same May 31, 2027 maturity date. This commitment is subject only to the completion of customary documentation amending the existing loan agreement. The Company drew an additional $5,000 on its credit facility subsequent to June 30, 2022, which increased the balance to $45,000 at August 3, 2022.

Dividends

On August 1, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per share. The dividend is payable September 12, 2022, to shareholders of record as of September 5, 2022.