|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Frost Bank, Geospace Technologies Increase Facility to $50MM
|
Lenders/Participants
|
Frost Bank [Lender]
|
|
Structure
|
Revolver - Increase & Amendment
|
|
Amount
|
$50.000
Million
|
|
Borrower(s)
|
Geospace Technologies Corporation
|
|
Description
|
Modifications to the Amended Credit Agreement include (i) an increase in available borrowings from $25 million to $50 million, (ii) an interest rate based on one-month LIBOR plus a margin of 2.50% to 3.25%, and (iii) an extension of the facility’s maturity date to April 27, 2016. The Amended Credit Agreement contains covenants, terms and conditions customary for similar financing agreements. Borrowings under the Amended Credit Agreement are not subject to a borrowing base.
|
|
Industry
|
Manufacturing
|
| Related Tags |
Frost Bank
|
ABL Advisor
Deal Tables
2024
|
|
|
|