US EditionAudioEye Announces New Commercial Bank Loan Facility
- AudioEye, Inc., based in Tucson, Arizona, announced a new $20 million loan facility with Bridge Bank on April 1, 2025.
- AudioEye sought the new facility to reduce interest rates and gain flexibility for strategic opportunities, including acquisitions.
- The loan comprises a $12 million term loan, a $3 million revolver, and a $5 million delayed draw term loan for potential acquisitions.
- CFO Kelly Georgevich noted the new facility reduces the interest rate by approximately 6.5% and adds flexibility for opportunities.
- The $12 million term loan will repay AudioEye's existing term loan from November 30, 2023, strengthening the company's cash position.
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Helena Independent Record+21 Reposted by 21 other sources
AudioEye Announces New Commercial Bank Loan Facility
Facility materially reduces interest rate with added flexibility
·Helena, United States
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AudioEye Announces New Commercial Bank Loan Facility - IT News Direct
Facility materially reduces interest rate with added flexibility TUCSON, Ariz., April 1, 2025 /PRNewswire/ — AudioEye, Inc. (Nasdaq: AEYE) (“AudioEye” or the “Company”), the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE: WAL), a financial institution with over $80 billion of assets. The new facility comprises a $12 million …
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