ePlus Technology temporarily lifts credit facility to $300 million

By Wendy Van Sickle

Columbus, Ohio, April 3 – ePlus inc. subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and Slait Consulting, LLC increased the limit on their credit facility to $300 million through May 5, according to an 8-K filing with the Securities and Exchange Commission.

The accounts receivable component sublimit was increased to $75 million from $50 million for the 60-day period ending April 14.

The increase was achieved via a Tuesday amendment to the company’s wholesale financing agreement and business financing agreement with Wells Fargo Commercial Distribution Finance, LLC.

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

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