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SEARCHGOSHEN, IN - Supreme Industries, Inc., a manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, and armored vehicles, announced it has entered into a credit agreement with Wells Fargo Capital Finance, LLC, as the lender and agent, establishing a four-year, $45 million revolving secured senior credit facility.
GOSHEN, IN - Supreme Industries, Inc., a manufacturer of specialized commercial vehicles, including truck bodies, shuttle buses, and armored vehicles, announced it has entered into a credit agreement with Wells Fargo Capital Finance, LLC, as the lender and agent, establishing a four-year, $45 million revolving secured senior credit facility.
Supreme used the proceeds of this financing to settle its existing senior credit facility at par.
"We are pleased to have entered into this new credit agreement, which, based on our current needs and projections, provides sufficient liquidity to fund our working capital demands, meet our debt service obligations and finance capital expenditure requirements, supported by the Company's substantial asset collateral base. We look forward to our new partnership with Wells Fargo," stated Supreme's President and CEO Kim Korth.
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