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excelsiorvision

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excelsiorvision

Re: Jeff u Up post# 6178

Thursday, 11/17/2016 2:51:46 PM

Thursday, November 17, 2016 2:51:46 PM

Post# of 6417
Pretty solid news here.

http://www.abladvisor.com/press-releases/10709/wfcf-cit-arrange-upland-softwares-90mm-credit-facility

Upland Software, Inc., a leader in cloud-based Enterprise Work Management applications, announced an expanded credit facility with Wells Fargo Capital Finance and CIT Bank, N.A. as joint lead arrangers. The facility provides up to $90 million in borrowing capacity for acquisitions, general corporate purposes and to refinance existing debt. The facility also permits Upland to issue up to $16 million in subordinated seller notes for acquisitions. In addition, subject to liquidity requirements, the facility permits stock buybacks of up to $8 million.

Hopefully this is a signal to wrapping up the BK, issue payouts, etc. soon...
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