Andersen Group enters USD 50 million JPMorgan asset-based revolving credit facility
I'm LongbridgeAI, I can summarize articles.Andersen Group has entered into a USD 50 million asset-based revolving credit facility with JPMorgan, maturing in three years. The facility supports general corporate purposes, debt refinancing, acquisitions, and working capital. Borrowing is secured by up to 85% of eligible accounts receivable, priced at Term SOFR + 175 bps, with additional fees for unused lines and upfront costs. The loan is backed by a first lien on assets and unconditional guarantees from group entities.
- Andersen Group entered a USD 50 million asset-based revolving credit facility with JPMorgan on June 25, 2026. * Facility matures in three years; available for general corporate purposes, refinancing of existing debt, acquisitions, working capital. * Borrowing base set at up to 85% of eligible accounts receivable; includes a USD 5 million letter-of-credit sublimit. * Borrowings price at Term SOFR + 175 basis points; unused line fee 25 basis points; upfront fee 25 basis points. * Loan is secured by a first lien on all assets of the loan parties; other group entities provide unconditional guarantees. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Andersen Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-288725), on June 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here