debt
confidence high
sentiment positive
materiality 0.40
Park City Group enters $10M revolving credit facility with U.S. Bank, replacing prior $6M line
ReposiTrak, Inc.
- New $10.0 million revolving credit facility with U.S. Bank, maturing March 31, 2023.
- Interest rate of 1.75% plus one-month LIBOR; includes SOFR fallback provisions.
- Replaces prior $6.0 million credit facility from January 2019; proceeds for working capital.
- Covenants: maintain liquid assets ≥ outstanding balance; Senior Funded Debt/EBITDA ≤ 3:1.