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Practices & Industries

$75 Million Asset-Based Revolving Credit Facility 

Client Type: Privately held

Hodgson Russ represented a client engaged in the business of selling commodity materials in the negotiation and closing of an asset-based revolving credit facility. The facility, which was initially in the maximum amount of $65 million, was increased to $75 million and contains a specially crafted complex borrowing base with sub-limits for foreign receivables and inventory.