SED Extends Credit Facility
SED International announced Wednesday that it has reached agreement with Wells Fargo Bank to increase its revolving line of credit to $55.0 million and to extend the expiration date to 2015.
The agreement was first reached in 2005, and had been extended two previous times.
“SED has enjoyed a valuable working relationship with Wells Fargo for several years now. We believe that this increase to our credit line as well as the extension of the term of our agreement will continue to support our growth initiatives going forward,” SED CEO Jonathan Elster said as part of the announcement.