Dent-A-Med obtains amended $85 million two-year revolving facility

By Wendy Van Sickle

Columbus, Ohio, Oct. 21 – Dent-A-Med Inc. obtained an amended two-year $85 million revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission.

The amendment occurred in connection with the company’s acquisition by Aaron’s Inc., which was consummated on Oct. 15. The facility is set to expire two years from that date.

Wells Fargo Preferred Capital, Inc. is agent for the lenders.

The facility has a $2 million letter-of-credit subfacility.

Subsidiary HC Recovery, Inc. is also a borrower under the agreement.

Based in Springdale, Ark., Dent-A-Med, which does business as the HELPcard, provides lending services for purchases of goods and services. Aaron’s is an Atlanta-based sales and lease ownership company and specialty retailer of consumer electronics, computers, residential and office furniture, household appliances and accessories.

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