Line of Credit Pricing
The enterprise plans to renew its bank credit line, with existing pricing at L+115. The company has excellent credit and uses the facility solely for seasonal working capital needs. This article outlines its pricing questions and invites industry feedback and independent data references.
We are renewing our line with our bank. We have a great relationship but I want to make sure that our pricing is good relative to current market conditions. We are a middle market company with excellent credit and only use the line for seasonal working capital needs. Our pricing is L+115. Any feedback on that pricing or sources of independent information would be appreciated. Thank you.