secwatch / observer
8-K filed March 14, 2023, 7:59 PM ET ticker PLUS CIK 0001022408
debt confidence high sentiment neutral materiality 0.45

EPLUS INC (PLUS): debt financing — ePlus expands credit facility to $500M; ups revolver to $200M

EPLUS INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EPLUS INC amended revolving credit of $200,000,000 with Wells Fargo Commercial Distribution Finance, LLC (as Administrative Agent).

Instrument
revolving credit
Principal
$200,000,000
Counterparty
Wells Fargo Commercial Distribution Finance, LLC (as Administrative Agent)
Event
amendment
Exact text from the filing
increase the maximum aggregate amount of principal available under the Revolving Facility from $150,000,000 to $200,000,000
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EPLUS INC amended credit facility of $500,000,000 with Wells Fargo Commercial Distribution Finance, LLC (as Administrative Agent).

Instrument
credit facility
Principal
$500,000,000
Counterparty
Wells Fargo Commercial Distribution Finance, LLC (as Administrative Agent)
Event
amendment
Exact text from the filing
increase the maximum aggregate amount of principal available under the Floorplan Facility from $425,000,000 to $500,000,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

EPLUS INC amended Second Amendment to Credit Agreement with various lenders and Wells Fargo Commercial Distribution Finance, LLC valued at increase the maximum aggregate amount of principal available under the Floorplan Facility from $425, (effective 2023-03-10).

Action
amendment
Agreement
credit facility
Counterparty
various lenders and Wells Fargo Commercial Distribution Finance, LLC
Value
increase the maximum aggregate amount of principal available under the Floorplan Facility from $425,
Effective
2023-03-10
Exact text from the filing
On March 10, 2023, the Borrowers entered into a certain Second Amendment to Credit Agreement by and among the Borrowers, the Lenders who are parties thereto and the Administrative Agent (the “Second Amendment to Credit Agreement”)
View on SEC.gov

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EPLUS INC filing history →

Source: SEC EDGAR
accession 0001022408-23-000010
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