OESX - Orion Energy Systems expands $25M revolving credit facility with Bank of America

Orion Energy Systems (OESX) entered into a new and expanded five-year $25M revolving credit facility with Bank of America, N.A. effective Dec. 29, 2020.The facility replaces Orion's earlier $20.15M facility with Western Alliance Bank providing Orion with increased financing capacity and liquidity to support continued growth and execution of its strategic plans."Orion's new credit facility, which provides a 25% increase in total financing capacity and a more expansive borrowing base, as well as improved terms and flexibility, is intended to better support the Company’s anticipated growth and liquidity needs," CFO Per Brodin commented.

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Orion Energy Systems expands $25M revolving credit facility with Bank of America