Brief: SmartRent Announces Entry Into $75 Mln Revolving Credit Facility

SmartRent

13/12/2021 13:21

Dec 13 (Reuters) - SmartRent Inc  SMRT.N :
    * SMARTRENT ANNOUNCES ENTRY INTO $75.0 MILLION REVOLVING
CREDIT
FACILITY
    * SMARTRENT INC - HAS ENTERED INTO $75.0 MILLION SENIOR
SECURED
REVOLVING CREDIT FACILITY WITH FIVE-YEAR TERM
    * SMARTRENT INC - REVOLVING FACILITY CARRIES AN INTEREST
RATE
BASED ON TERM SOFR RATE PLUS A SPREAD OF 1.85% TO 2.35%
    * SMARTRENT INC - ALSO INCLUDES A PROVISION FOR AN
INCREMENTAL
FACILITY OF UP TO $75.0 MILLION

Source text for Eikon:  ID:nBw2DJn2ya 
Further company coverage:  SMRT.N 

 ((Reuters.Briefs@thomsonreuters.com;))