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CUI Global bolsters liquidity with new $10 million credit facility

CUI Global has closed on a two-year revolving line of credit facility of up to $10 million with Bank of America Merrill Lynch

CUI Global
The new facility replaces the energy company’s existing $5 million overdraft facilities with more favorable terms

CUI Global (NASDAQ:CUI) told investors Monday that it has closed on a two-year revolving line of credit facility of up to $10 million with Bank of America Merrill Lynch.

The new facility replaces the energy company’s existing $5 million overdraft facilities with more favorable terms.

CUI Global boasts two flagship energy products. The first is its GasPT platform, which has a revolutionary method of almost instantly and accurately determining the quality of natural gas.

The company’s second-leading product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.

Contact Ellen Kelleher at [email protected]

Quick facts: CUI Global Inc

Price: 0.84 USD

NASDAQ:CUI
Market: NASDAQ
Market Cap: $24.09 m
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