Orion Energy Systems out of Manitowoc, announced yesterday that it has secured a new two-year, $20.15 million secured revolving Credit Facility with Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation. The facility replaces the Company’s $15.0 million secured revolving Credit and Security Agreement with Wells Fargo Bank. The Credit Agreement also includes a $2.0 million sublimit for the issuance of letters of credit. This new agreement will increase Orion’s financing capacity and liquidity to fund Orion’s operations and to support their growth goal.
Orion Lighting Secures $20.15 Million Revolving Credit Facility with Western Alliance Bank
Oct 31, 2018 | 2:00 PM
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