Wells Provides Streamline Health Facility
Streamline Health Solutions announced it finalized the terms of a new credit facility with Wells Fargo Bank. The new facility consists of a fixed rate $10 million senior term loan with an interest rate of approximately 6.5% and a $5 million revolving line of credit.
The credit agreement reflecting the new facility is subject to certain covenants and other conditions customary for agreements of this nature, including the requirement that the company maintain minimum liquidity of $5 million.
“We are pleased to work with Wells Fargo given their solid track record of assisting public and private companies of our size and in the healthcare information technology industry, stated Robert E. Watson,” President and CEO of Streamline Health. “This new credit facility adds further resilience to our balance sheet and enhances our flexibility to continue executing on our five-year strategic plan.”
Streamline Health Solutions is a healthcare industry provider in capturing, aggregating and translating enterprise data into knowledge for actionable insights that reduce exposure to risk, enhance operational performance and improve patient care.