Elevate Service Group Adds $25M Acquisition Facility, Lifts Operating Line to $7.5M

Elevate Service Group entered an amended credit deal adding an undrawn $25M acquisition facility and increasing its revolving operating line to $7.5M. The operating rate was cut to prime+1.00%, with covenants including a maximum Total Funded Debt/Adj. EBITDA of 3.50x.