debt
confidence high
sentiment neutral
materiality 0.55
LENSAR enters $50M revolving credit facility with Wells Fargo secured by brokerage account
LENSAR, Inc.
- Revolving non-purpose margin credit facility up to $50M, secured by first-priority lien on a designated brokerage account at Wells Fargo.
- Approximately $10M in collateral deposited; borrowings bear interest at Treasury Yield + margin or SOFR + margin.
- Facility contains customary events of default including bankruptcy, failure to pay, or insufficient collateral value.