ACV Auctions enters $160M revolving credit facility with JPMorgan Chase

ACV Auctions Inc.

$160M revolving credit facility maturing in five years; $20M letter of credit subfacility.
Interest rate at LIBOR + 2.75% or Alternate Base Rate + 1.75%; commitment fee on undrawn portion.
Financial covenants: minimum liquidity and trailing four-quarter revenue targets.
Debt secured by substantially all assets of the company and its material domestic subsidiaries.

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