Aehr Test Systems amends credit facility with Silicon Valley Bank, increases revolver to $10M, extends maturity

AEHR TEST SYSTEMS

Revolving line increased to lesser of $10M or borrowing base; up to $3M available against eligible purchase orders.
Maturity extended to January 13, 2023; original agreement dated January 13, 2020.
Account advance interest rate: prime plus 0–1.0% (based on quick ratio), floor 3.25%.
Purchase order advance interest rate: prime plus 0–1.5% (based on quick ratio), floor 3.75%.

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