---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-21-000047"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2021-10-19T23:59:59+00:00"
generated_at: "2026-06-28T19:50:50.991543+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# ePlus enters $375M credit facility, up from $275M; Wells Fargo CDF agent

## Summary
- New senior secured floorplan facility up to $375M for ePlus subsidiaries; revolver sublimit of $100M.
- Facility replaced $275M prior facility; outstanding balance at close was ~$175M, no early termination penalties.
- Interest at LIBOR + 1.75%; one-year initial term with automatic renewal; financial covenants only if borrowing base drops.
- ePlus parent provides limited guaranty up to $10.5M under the new credit documents.

## SEC filing metadata
- accession: 0001022408-21-000047
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2021-10-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240821000047/0001022408-21-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240821000047/brhc10029905_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-21-000047
- JSON: https://secwatch.observer/filing/0001022408-21-000047.json
- Plain text: https://secwatch.observer/filing/0001022408-21-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.