Singing machine secures $2 million senior credit facility

Company expands non-dilutive working capital funding to support growth fort lauderdale, fl, april 03, 2024 (globe newswire) -- the singing machine company, inc. (“singing machine”) (nasdaq: mics) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with oxford commercial finance, a subsidiary of oxford bank. the credit facility has a 2-year term and is intended to support the funding of accounts receivable generated from ongoing sales.
MICS Ratings Summary
MICS Quant Ranking