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Stock impact report

AudioEye Announces New Commercial Bank Loan Facility [Yahoo! Finance]

AudioEye, Inc. (AEYE) 
NASDAQ:AMEX Investor Relations: audioeye.com/tag/investors
Company Research Source: Yahoo! Finance
April 1, 2025 /PRNewswire/ -- AudioEye, Inc. (Nasdaq: AEYE) ("AudioEye" or the "Company") , the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE: WAL), a financial institution with over $80 billion of assets. The new facility comprises a $12 million term loan, a $3 million revolver, and a $5 million delayed draw term loan for potential "tuck in" acquisitions. The rate of the new facility represents a significant reduction on the existing facility. The new facility will mature on the fifth anniversary of the facility's closing. The initial $12 million term loan will fully repay AudioEye's existing term loan, dated November 30, 2023 , and further strengthen the Company's cash position. The revolver and delayed draw term loan feature the same interest rate as the term loan and remain available for further strategic opportunities. "Over the last few quarters, our ope Show less Read more
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