Siebert subsidiary enters $20M BMO revolving credit facility

SIEBERT FINANCIAL CORP

Muriel Siebert & Co. subsidiary secured a $20M revolving credit line from BMO Bank N.A.
Interest rate: Overnight Base Rate plus 2.50%; commitment fee 0.50% on unused portion.
Proceeds to finance NSCC deposit requirements and Reserve Account withdrawals.
Covenants: minimum regulatory capital $45M, excess net capital $20M, assets/capital ratio ≤5.0.
Parent Siebert Financial Corp. provided a full guaranty for the facility's obligations.

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