---
schema_version: "secwatch.filing_event.v1"
accession: "0001022408-23-000010"
form_type: "8-K"
ticker: "PLUS"
cik: "0001022408"
company_name: "EPLUS INC"
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:46:07.808949+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# ePlus expands credit facility to $500M; ups revolver to $200M

## Summary
- Floorplan facility increased from $425M to $500M; revolver sublimit raised from $150M to $200M.
- Amendment signed March 10, 2023; borrowers are ePlus Technology, ePlus Technology Services, and SLAIT Consulting.
- Two new banks joined the lender group; Wells Fargo remains administrative agent.
- CFO Elaine Marion says expanded facility supports customer IT needs including digital transformation and cloud.

## SEC filing metadata
- accession: 0001022408-23-000010
- form_type: 8-K
- ticker: PLUS
- cik: 0001022408
- company_name: EPLUS INC
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000010/0001022408-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000010/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022408-23-000010
- JSON: https://secwatch.observer/filing/0001022408-23-000010.json
- Plain text: https://secwatch.observer/filing/0001022408-23-000010.txt

## Key facts
- Debt Financings
  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
  source text: increase the maximum aggregate amount of principal available under the Revolving Facility from $150,000,000 to $200,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000010/0001022408-23-000010-index.htm
- Debt Financings
  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
  source text: increase the maximum aggregate amount of principal available under the Floorplan Facility from $425,000,000 to $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000010/0001022408-23-000010-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022408/000102240823000010/0001022408-23-000010-index.htm

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