Aterian Further Strengthens Its Balance Sheet With Extension Of Its Credit Facility [Yahoo! Finance]
Aterian, Inc. (ATER)
Company Research
Source: Yahoo! Finance
NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced that it has extended its asset backed credit facility (“Credit Facility”) with MidCap Financial, which is managed by a subsidiary of Apollo Global Management, Inc. The Credit Facility term has been extended to December 2026 and gives Aterian access to $17.0 million in current commitments which can be increased, subject to certain conditions, to $30.0 million. The Credit Facility extension reduces the minimum liquidity financial covenant from a peak of $15.0 million to $6.8 million of cash on hand and/or availability in the Credit Facility. The extension fee was less than $0.1 million. Aterian's Co-CEO and CFO, Arturo Rodriguez, commented, “We are excited to continue our long-term relationship with MidCap Financial, which started in 2017. MidCap Financial has been impressed by our recent initiatives to focus, simplify and stabilize our core business. This extension
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News
- Aterian Sets Date for First Quarter 2024 Earnings Announcement & Investor Conference CallGlobeNewswire
- Aterian Announces Improved First Quarter 2024 Net Revenue and Adjusted EBITDA Ranges [Yahoo! Finance]Yahoo! Finance
- Aterian Announces Improved First Quarter 2024 Net Revenue and Adjusted EBITDA RangesGlobeNewswire
- Aterian Partners with Mercado Libre, Latin America's Leading E-Commerce Platform [Yahoo! Finance]Yahoo! Finance
- Aterian Partners with Mercado Libre, Latin America’s Leading E-Commerce PlatformGlobeNewswire
ATER
Earnings
- 3/12/24 - In-Line
ATER
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- ATER's page on the SEC website