Alliance Entertainment (AENT) announced the closing of a new $120M senior secured revolving credit facility with Bank of America. The five-year facility replaces Alliance’s previous asset-based lending facility and will provide Alliance with enhanced financial flexibility to support its operations, growth initiatives, and working capital needs. Key Terms: Facility Size: $120M senior secured revolving credit facility; Term: Five years; Interest Rate: SOFR plus 150 basis points through March 2026, and thereafter at SOFR plus 162.5 basis points; Loan Balance: $68.5M at closing, with total undrawn availability at $51.5M.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AENT:
- Alliance Entertainment’s Earnings Call Highlights Growth
- Kroger reports mixed Q2, U.S. CPI rises 0.4% in August: Morning Buzz
- Morning Movers: Kroger rises following second quarter results
- Alliance Entertainment Reports Strong FY2025 Financial Growth
- Alliance Entertainment reports Q4 EPS 11c vs. 5c last year