Brief: Owlet Co & Unit Entered Into Credit & Security Agreement With Financial Institutions

Owlet

11/09/2024 23:04

Sept 11 (Reuters) - Owlet Inc  OWLT.N :
    * OWLET INC: ENTERED INTO NEW DEBT ARRANGEMENTS & STARTED
REFINANCING OF EXISTING LINE OF CREDIT & TERM LOAN AGREEMENTS
WITH SILICON VALLEY BANK
    * OWLET - UNDER TRANSACTIONS, USED EXISTING CASH TO REPAY &
EXTINGUISH ALL BORROWINGS OUTSTANDING UNDER LINE OF CREDIT &
TERM LOAN AGREEMENTS WITH SVB
    * OWLET - CO & OBCI ENTERED INTO LOAN AND SECURITY AGREEMENT
FOR
TERM LOAN FACILITY OF UP TO $15 MILLION
    * OWLET:  CO & UNIT ENTERED INTO CREDIT & SECURITY AGREEMENT
WITH
FINANCIAL INSTITUTIONS
    * OWLET:  CREDIT AGREEMENT PROVIDES FOR ASSET-BASED
REVOLVING
CREDIT FACILITY IN MAXIMUM AMOUNT OF UP TO $15 MILLION

Source text for Eikon:  ID:n0001628280-24-040154 
Further company coverage:  OWLT.N 

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