Liquidity Services amends revolver to bring size up to $75 million

By Jennifer Chiou

New York, March 16 - Liquidity Services, Inc. entered into an amendment to its revolving credit facility on Tuesday, bringing the committed amount to $75 million from $30 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also extended the maturity date by one year to May 31, 2014.

Further, the company must now maintain a ratio of funded debt to EBITDA of not more than 2.5 to 1.0.

Bank of America is the lender.

The Washington-based company provides surplus asset recovery services.

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