The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America Provides $15MM Line of Credit to Xplore Technologies
Lenders/Participants
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Bank of America [Lender]
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Structure
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Secured Credit Facility
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Amount
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$15.000
Million
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Borrower(s)
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Xplore Technologies
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Description
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A new $15 million three-year secured line of credit. The new line of credit is currently undrawn. The facility includes features which assess certain inventory holdings as well as accounts receivable, providing greater flexibility. The facility replaces Xplore's existing $15 million lending facility, also undrawn at present, provided by Square 1 Bank.
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Industry
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Technology
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Related Tags |
Bank of America
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ABL Advisor
Deal Tables
2024
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