WidePoint enters $4M revolving credit facility with Old Dominion, matures Feb 28, 2025

WIDEPOINT CORP

New $4M revolving line of credit replaces February 2024 agreement with same terms.
Borrowing base is lesser of $4M or 80% of eligible accounts receivable.
Interest rate equals Prime Rate with a 7.25% floor; monthly interest payments.
Covenants: minimum tangible net worth $2M, minimum annual EBITDA $1M, current ratio >=1.0.
Maturity date is February 28, 2025—only 10 days after signing.

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