PC Connection substitutes BSBY rate for Libor in credit agreement

Chicago, June 13 – PC Connection, Inc. amended its credit and security agreement from Feb. 24, 2012 to update the reference rate, replacing all existing Libor references throughout the documentation with BSBY.

The amendment was signed June 13.

The credit facility allows for up to $50 million of borrowings, which can be increased to $80 million at the company’s option for certain circumstances.

Citizens Bank, NA is the agent.

The technology retailer is based in Merrimack, N.H.

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