Brief: Nicholas Financial, Nicholas Data Services Enters Into Loan, Security Agreement

Old Market Capital

24/01/2023 11:17

Jan 24 (Reuters) - Nicholas Financial Inc  NICK.O :
    * NICHOLAS FINANCIAL- ON JAN 18, 2023, NICHOLAS FINANCIAL &
NICHOLAS DATA SERVICES, UNITS OF NICHOLAS FINANCIAL ENTERED INTO
LOAN AND SECURITY AGREEMENT
    * NICHOLAS FINANCIAL-  UNITS ENTERED INTO AGREEMENT AMONG
BORROWERS AND WESTLAKE CAPITAL FINANCE, LLC
    * NICHOLAS FINANCIAL- PURSUANT TO AGREEMENT  LENDER IS
PROVIDING
BORROWERS SENIOR SECURED REVOLVING CREDIT FACILITY IN PRINCIPAL
AMOUNT OF UP TO $50 MILLION
    * NICHOLAS FINANCIAL - ON JAN 18 IN CONNECTION WITH ENTERING
INTO
LOAN AGREEMENT BORROWERS TERMINATED WF LOAN AGREEMENT &
INDEBTEDNESS UNDER AGREEMENT
    * NICHOLAS FINANCIAL INC - COMPANY DID NOT INCUR ANY
TERMINATION
PENALTIES IN CONNECTION WITH TERMINATION OF WF LOAN AGREEMENT

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