CUI Global has closed on a two-year revolving line of credit facility of up to $10 million with Bank of America Merrill Lynch
CUI Global () told investors Monday that it has closed on a two-year revolving line of credit facility of up to $10 million with Merrill Lynch.
The new facility replaces the energy company’s existing $5 million overdraft facilities with more favorable terms.
CUI Global boasts two flagship energy products. The first is its GasPT platform, which has a revolutionary method of almost instantly and accurately determining the quality of natural gas.
The company’s second-leading product is its VE technology, which employs specialized sampling probes to take smaller, more consistent and cleaner gas samples.
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