DLH Holdings, along with its subsidiaries, DLH Solutions and Danya International, closed a $35 million credit agreement with Fifth Third Bank as administrative agent.
According to a related 8-K filing, the loan agreement consists of a secured revolving credit facility in an aggregate principal amount of up to $10 million and a secured term loan in the original aggregate principal amount of $25 million.
The agreement also provides for an increase of the aggregate face value of letters of credit which may be drawn under the revolving credit facility from $1 million to $2 million.
