- Bank Leumi Appoints John DePledge as Head of Asset-Based Lending Business
- Fast Pay Partners, A Wholly Owned Subsidiary of SLR Business Credit, Provides $30MM Working Capital Facility to Premier Digital Publisher
- Latham & Watkins Advises Xenia Hotels & Resorts in US$1.375 Billion Bank and Bond Transactions
- Oxford Finance Provides $125 Million Credit Facility to Kala Pharmaceuticals
- Stonebriar Issues $227 Million of Fixed-Rate Reset Cumulative Preferred Shares
ENGlobal pays off Pacific Western credit facility
June 20, 2023
- ENGlobal (NASDAQ:ENG) has repaid its credit facility with Pacific Western Business Finance in full and entered into a new credit agreement with Alliance 2000, the family limited partnership of ENGlobal executive chairman William A. Coskey, P.E.
- The new term loan facility provides for an initial term loan of $1M and, under certain conditions, an additional term loan of $250K.
- The loan carries an annual interest rate of 8.5% and has an origination fee of 0.5%, payable upon maturity.
- The company expects to post a net loss in Q2, monthly results have improved consistently over the past three months.
- As of May 31, 2023 the company's enterprise-wide backlog was over $16M.
- Stock price down 2.3% during pre-market hours.
.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
© 2025 Secured Finance Network
