Redknee Solutions, a provider of monetization and subscriber management software, announced that its wholly-owned subsidiary, Redknee, has entered into an amended and restated credit agreement with Wells Fargo Capital Finance and its two partners Royal Bank of Canada and Capital One.

The amended credit agreement will add to its existing credit facility, increasing the revolving line of credit to $40 million and the two term loans to $30 million each, for a total credit facility in the amount of $100 million. The credit facilities will be secured by the assets of Redknee, Redknee UK and Redknee Germany.

Redknee will use the facility to strengthen its working capital position following the acquisition of Orga Systems and to position Redknee for future growth opportunities. The availability of the debt facility is subject to customary conditions precedent.

“We are pleased to have completed another successful financing for Redknee,” said John Leonard, head of the Technology Finance division of Wells Fargo Capital Finance. “We are proud to work with Redknee’s senior management team to execute their growth initiatives.”

“This newly expanded credit facility will provide Redknee with a strengthened balance sheet, and the financial flexibility to allow us to continue to pursue our strategic initiatives,” said Lucas Skoczkowski, Redknee’s CEO.