ERF Wireless, Inc. announced the company has closed on an $8 million revolving line of credit debt facility. Under the terms of the agreement, TCA Global Credit Master Fund, L.P. has committed to lend ERF the $8 million over time through the issuance of senior secured revolving notes, with the initial tranche of $1.5 million. Following the initial draw, the company must meet specific monthly collateral requirements, and receive the approval, of TCA to further draw upon the revolving credit facility.
ERF Wireless is a fully reporting public corporation located in League City, TX, and is the parent company of Energy Broadband Inc., ERF Enterprise Network Services, ERF Bundled Wireless Services, ERF Wireless Messaging Services and ERF Network Services.