Proactive Investors - Run By Investors For Investors

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]

View full CUI profile View Profile

CUI Global Inc Timeline

CN Research
May 17 2019
Article
May 16 2019

Related Articles

Digital Marketing
June 10 2019
"The group has had a good start to the year," chairman David Morrison said.
Restaurant diners
July 04 2019
The company's website and phone app aims to help restaurants fill spare capacity by offering discounts potential diners during quieter periods
immotion vr racing game
February 06 2019
The out-of-home VR hardware and content maker turned over more than £1mln in the second half of 2018 with ‘only’ 150 or so headsets in operation, but it wants that figure to climb to over 1,000 by the end of this year

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use