secwatch.observer — SEC 8-K summary
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Issuer:     EPLUS INC (PLUS)
CIK:        0001022408
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0001022408-21-000047
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022408/000102240821000047/0001022408-21-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022408/000102240821000047/brhc10029905_8k.htm
  HTML page:      https://secwatch.observer/filing/0001022408-21-000047

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