- ePlus ( NASDAQ: PLUS ) said Tuesday its units ePlus Technology, ePlus Technology Services and SLAIT Consulting expanded their credit facility to $425M .
- The amended facility consists of a $425M discretionary senior secured floorplan facility in favor of the units, an increase from $375M.
- It also includes a sublimit for a discretionary senior secured revolving credit facility for up to $150M, an increase from $100M.
- The amendment converted the units' loans from the lenders based on a LIBOR rate to a term SOFR rate.
For further details see:
ePlus expands credit facility to $425M