ProLink decreases credit facility to $6 million

By Devika Patel

Knoxville, Tenn., Dec. 17 - ProLink Holdings Corp. and its subsidiary, ProLink Solutions, LLC, amended their agreement with Calliope Capital Corp., Valens U.S. SPV I, LLC, Valens Offshore SPV I, Ltd. and PSource Structured Debt Ltd. regarding a $12.1 million revolving credit facility, which was arranged in an August 2007 private placement, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The filing said that on Dec. 11, the company and the lenders agreed to decrease the facility to $6 million, which was the original amount of the credit facility. The parties had increased the amount in an April amendment.

Based in Chandler, Ariz., ProLink develops global positioning systems used on golf courses.

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