Evercore ups line of credit to $75 million, extends to June 27, 2016

By Tali Rackner

Norfolk, Va., July 2 – Evercore Partners Inc. subsidiary Evercore Partners Services East LLC amended the terms of its line of credit with First Republic Bank under the loan agreement dated as of June 27, 2013, according to an 8-K filing with the Securities and Exchange Commission.

The June 26 amendment agreement and promissory note increased the principal amount of the line of credit to $75 million and extended the maturity by one year to June 27, 2016. The line of credit was previously increased to $50 million in 2014.

Proceeds may still be used for working capital and general corporate purposes.

Evercore is a New York-based investment banking boutique.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.