Marlin Amends Facility With Wells Fargo Capital Finance
Tuesday, July 03, 2012
According to an 8-K filing, Marlin Receivables (MRC), amended its $75 million, three-year committed loan facility with Wells Fargo Capital Finance (WFCF) pursuant to a first amendment, dated June 26, 2012, to a loan and security agreement, dated as of October 9, 2009, among MRC, as borrower, the registrant, as guarantor, Marlin Leasing, as originator, servicer and guarantor, and WFCF, as lender.
The amendment changed the maturity date of the facility from October 9, 2012 to October 9, 2014 and reduced interest rates and certain facility fees. The amendment also liberalized certain collateral eligibility restrictions and certain other covenants.
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