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Wells Fargo Upsizes Power Solutions ABL Revolver to $75MM

March 30, 2018

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.

Read More on ABF Journal