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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
PNC Bank Provides New $35MM Debt Facility to Luna Innovations
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Lenders/Participants
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PNC Bank [Lender]
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Structure
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$20MM Term Loan; 15MM Revolving Credit Facility
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Amount
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$35.000
Million
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Borrower(s)
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Luna Innovations
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Description
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A new five-year debt facility for $35 million. The new agreement includes a $20 million term loan facility and a $15 million revolving credit facility. The new agreement provides the Company with a term loan of $20 million, with an interest rate of SOFR plus 10 basis points, in addition to a margin ranging from 175-250 basis points based on a net leverage ratio. The agreement also provides the Company with a revolving line of credit of up to $15 million, also with an interest rate of SOFR plus 10 basis points, in addition to a margin ranging from 175-250 basis points based on a net leverage ratio.
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Industry
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Communications
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| Related Tags |
PNC Bank
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ABL Advisor
Deal Tables
2025
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