debt
confidence high
sentiment positive
materiality 0.60
Koil Energy secures $5M asset-based revolving credit facility with nFusion Capital Finance
Koil Energy Solutions, Inc.
- Facility provides up to $5M at 85% advance rate on eligible accounts; interest = WSJ prime + 4.75% (floor 6.75%).
- 12-month initial term with automatic annual renewals; secured by first-priority lien on substantially all personal property.
- Replaces prior factoring arrangement, which has been repaid and terminated; no outstanding financial debt beyond lease obligations.
- Proceeds to support working capital and expand high-margin rental equipment fleet; fees include 1.0% loan fee, 0.25% monthly monitoring fee.
- Lender nFusion Capital Finance, LLC is an Austin-based private working capital finance company.