New $10 million revolver and $10 million term loan provided by Western Alliance Bank refinanced the company's existing BankUnited revolver which had ~$15.8 million outstanding as of Sept 30, 2025.
Agree - need to take a closer look at these businesses but “traditional” facilities and or banking partners might not have the flexibility to really serve these businesses and their tier 1 customers adequately. Will be interesting to watch this deal over the coming years.
Agree - need to take a closer look at these businesses but “traditional” facilities and or banking partners might not have the flexibility to really serve these businesses and their tier 1 customers adequately. Will be interesting to watch this deal over the coming years.