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.
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