Enservco Corp.


Retired its $13.8 million senior revolving credit facility with East West Bank for total consideration of approximately $9.4 million, which includes an initial payment of $8.4 million in cash and future payments of up to $1 million from a limited portion of net proceeds from receivables financing. As a result, Enservco’s debt was substantially reduced and predominantly reclassified as long-term liabilities with four- to six-year terms.

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