- Afreximbank chief says quick passage of factoring law in Nigeria crucial to facilitating ‘ease-of-doing-business as Nigeria’s NASS holds public hearing
- Heritage Global Inc. Announces New Head of Heritage Global Valuations
- Natural Gas Services Group, Inc. Announces Closing of $20 Million Credit Facility with Texas Capital Bank
- Flexible Funding Announces the Opening of Their Fort Worth Office
- Camping World Announces Proposed Refinancing of Senior Secured Credit Facilities
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.
© 2026 Secured Finance Network
