CUI Global bolsters liquidity with new $10m credit facility
CUI Global (NASDAQ:CUI) told investors Monday that it has closed on a two-year revolving line of credit facility of up to $10 million with Bank of America Merrill Lynch.
The new facility replaces the energy company’s existing $5 million US-based and UK-based overdraft facilities with more favorable terms.
CUI Global boasts two flagship energy products. The first is its GasPT platform, which has a revolutionary method of almost instantly and accurately determining the quality of natural gas.
The company’s second-leading product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.
Contact Ellen Kelleher at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/218885/cui-global-bolsters-liquidity-with-new-10m-credit-facility-218885.html
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