TESSCO Technologies Announces New $75 Million ABL Facility, Extending Maturity to 2024
HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced that it has entered into a new asset-based revolving credit facility (“ABL Facility”). The new facility provides TESSCO with up to $75 million in revolving credit, maturing in January 2024. This replaces the existing ABL facility, which was set to mature on October 19, 2021. “This new ABL facility provides us with
TESSCO Technologies Announces New $75 Million ABL Facility, Extending Maturity to 2024
HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced that it has entered into a new asset-based revolving credit facility (“ABL Facility”). The new facility provides TESSCO with up to $75 million in revolving credit, maturing in January 2024. This replaces the existing ABL facility, which was set to mature on October 19, 2021. “This new ABL facility provides us with