Enters $25M asset-based revolving credit facility with Wells Fargo
New facility refinances and replaces existing asset-based credit facility and term loan. - Interest rate margin lowered to SOFR plus 2.00-2.25% from SOFR plus 7.50-8.50%, reducing borrowing costs by at least 525 bps. - Total liquidity was about $33.8M as of Jun 26th, including cash and cash equivalents and available bo