Wells Fargo amended the existing asset based revolving credit facility of Power Solutions International, a designer, engineer and manufacturer of emissions-certified, alternative-fuel power systems.
The amendment extends the maturity of the facility to March 31, 2021, subject to certain terms, and increases the maximum credit line commitment from $65 million to $75 million.
Among other changes, the company also obtained additional borrowing base flexibility related to accounts receivable concentrations and eligible accounts.