Orbit International secures new $6 million revolving credit facility with Merchant Financial

Bitget2026/10/02 12:45

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Orbit International closed a new revolving line of credit of up to $6 million with Merchant Financial.
About $4.54 million was drawn at closing to repay the balance under its prior M&T Bank line.
Borrowings are subject to borrowing-base availability under the asset-based facility.
A $4.08 million private placement funded working capital, litigation costs, debt paydown under the new line, growth initiatives.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Orbit International Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610020845PRIMZONEFULLFEED9838280) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Orbit International secures new $6 million revolving credit facility with Merchant Financial

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