ePlus increases credit facility to $500 million, adds two lenders

By Marisa Wong

Los Angeles, March 13 – ePlus inc. announced that wholly owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and Slait Consulting, LLC recently entered into an amendment to their credit agreement with Wells Fargo Commercial Distribution Finance Corp. as administrative agent, according to a press release.

The amended credit facility consists of a discretionary senior secured floorplan facility in the aggregate principal amount of up to $500 million, an increase from $425 million, together with a sublimit for a discretionary senior secured revolving credit facility for up to $200 million, an increase from $150 million.

Two new banks have joined the credit facility, according to the release.

Herndon, Va.-based ePlus is a technology solutions provider.

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