Charles & Colvard entered into a new three-year, $5 million asset-based credit facility with White Oak Commercial Finance, an affiliate of White Oak Global Advisors.
Charles & Colvard said it has closed a new $10 million asset-backed credit facility with Wells Fargo. The company’s previous facility with PNC was terminated concurrent with the closing of the new facility.
Charles & Colvard closed a new $10 million secured line of credit with PNC Bank. The new line of credit provides Charles & Colvard short-term flexibility to pursue continued growth opportunities.