Andersen Group unit signs $50.0 million asset-based credit facility with JPMorgan Chase
Andersen Tax LLC, an indirect subsidiary of Andersen Group Inc., entered into a $50.0 million asset-based revolving credit agreement with JPMorgan Chase Bank, N.A. on June 25, 2026. The facility matures three years from closing, bears interest at Term SOFR plus 175 basis points, and is guaranteed by Andersen Group Inc. and other Loan Parties, secured by a first lien on their assets. The filing does not report any change in reported revenue or earnings, but it sets new borrowing capacity and restrictions on distributions and acquisitions for the group.
Key points
- $50.0 million revolving credit facility dated June 25, 2026, maturing three years from the Closing Date
- Interest at Term SOFR plus 175 basis points; unused line fee of 25 basis points per annum
- Springing minimum fixed charge coverage ratio of 1.00x applies if availability falls below 25% of the line cap
- Domestic acquisitions limited to $25 million in total consideration; foreign acquisitions capped at $15 million per transaction and $75 million per year
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.