Three subsidiaries of ePlus, a provider of technology and financing solutions, entered into an amendment to their credit agreement with their lenders, with Wells Fargo Commercial Distribution Finance acting as administrative agent.
ePlus amended, restated and replaced in entirety its existing credit agreements with Wells Fargo Commercial Distribution Finance. The new facility consists of a senior secured floorplan facility of up to $375 million and a revolving credit facility of up to $100 million.
ePlus amended its credit facility with Wells Fargo as administrative agent to temporarily increase the aggregate limit of two components to $325 million.
ePlus Technology amended its credit facility with GE Capital Commercial Distribution Finance. The amendment provides for a credit limit of $225 million, an increase of $50 million over the prior agreement.