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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo CF Increases Integrated Electrical Services' Credit Facility to $70MM
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Lenders/Participants
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Wells Fargo Capital Finance [Lender]
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Structure
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Revolver Amendment; Increase
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Amount
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$70.000
Million
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Borrower(s)
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Integrated Electrical Services, Inc.
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Description
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A Second Amendment (the "Amendment") to the Amended and Restated Credit and Security Agreement with Wells Fargo Capital Finance with improved terms. Pursuant to the Amendment, the Company's maximum revolver amount increased from $60 million to $70 million. Additionally, the Amendment modified the calculation of amounts available under the facility by expanding the definition of the assets the company can include in our borrowing base and increasing the company's advance rates. The interest rate on the current balance was decreased and the maturity date of the revolving credit facility was extended from August 9, 2018 to August 9, 2019.
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Industry
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Specialty Industries
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| Related Tags |
Wells Fargo Capital Finance
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ABL Advisor
Deal Tables
2024
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