Andersen Group Secures $50M Revolving Credit Facility

Key Highlights

• Andersen Tax LLC entered into a $50.0 million asset-based revolving credit facility.
• The facility matures in three years from the closing date of June 25, 2026.
• Funds can be used for general corporate purposes, debt refinancing, acquisitions, and working capital.
• Borrowing availability is based on eligible accounts receivable (up to 85% of those less than 120 days past invoice date).
• The facility includes a $5.0 million sublimit for letters of credit, with one issued for $1.3 million.
• Interest rate is Term SOFR plus 175 basis points, with an unused line fee of 25 basis points.
• Obligations are guaranteed by Andersen Group Inc. and other Loan Parties, secured by a first lien on all assets.
• A springing minimum fixed charge coverage ratio (FCCR) of 1.00x is required if availability falls below 25%.