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Dish Cult Appoints Digital Marketing Agency, Tug
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Tug appointed by Leap for $8m global digital media account after Australia win
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Tug Appointed by LEAP for USD$8m (£5 78m) Global Digital Media after Australia win
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Wintrust Leads $55MM in Credit Facilities for Limbach Holdings
February 26, 2021, 07:35 AM
Limbach Holdings entered into new credit agreements led by Wintrust Financial, together with a syndicate of commercial financial institutions. The Credit Facilities consist of a $25.0 million revolving credit facility (including a $5.0 million letter of credit sublimit) (âRevolverâ) and a $30.0 million term loan (âTerm Loanâ) which together replaced its previous credit facilities.
Under the terms of the Credit Facilities, the interest rate on the Revolver is, at the Companyâs option, LIBOR plus 3.5% or a base rate plus 0.5%, and the interest rate on the Term Loan is, at the Companyâs option, LIBOR plus 4.0% or a base rate plus 1.0%, in each case with a minimum LIBOR floor of 0.25% and base rate floor of 3.0%. Both the Revolver and the Term Loan feature a 5