The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
East West Bank Provides $7.5MM Revolver to NTN Buzztime
Lenders/Participants
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East West Bank [Lender]
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Structure
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Revolver w/ $2.5MM Accordion Feature
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Amount
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$7.500
Million
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Borrower(s)
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NTN Buzztime, Inc.
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Description
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Three-year revolving credit agreement with a $2.5MM accordion feature to provide up to $10MM in total borrowing capacity. The East West Bank revolver agreement expires in April 2018 and carries an interest rate, at the company's option, of LIBOR plus 400 basis points or Prime plus 125 basis points. The proceeds will be used to pay down existing indebtedness, fund strategic growth initiatives and provide for general working capital. The company will maintain its existing lender agreement.
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Industry
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Marketing
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Related Tags |
East West Bank
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ABL Advisor
Deal Tables
2024
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