US EditionAudioEye Announces New Commercial Bank Loan Facility
- AudioEye, Inc., based in Tucson, Arizona, announced a new $20 million loan facility with Bridge Bank on April 1, 2025.
- AudioEye sought the new facility to reduce interest rates and gain flexibility for strategic opportunities, including acquisitions.
- The loan comprises a $12 million term loan, a $3 million revolver, and a $5 million delayed draw term loan for potential acquisitions.
- CFO Kelly Georgevich noted the new facility reduces the interest rate by approximately 6.5% and adds flexibility for opportunities.
- The $12 million term loan will repay AudioEye's existing term loan from November 30, 2023, strengthening the company's cash position.
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Helena Independent Record+21 Reposted by 21 other sources
AudioEye Announces New Commercial Bank Loan Facility
Facility materially reduces interest rate with added flexibility
·Helena, United States
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Total News Sources23
Leaning Left2Leaning Right0Center12Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
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