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Line of Credit Pricing

We are renewing our line with our bank. We have a great relationship but I want to make sure that our pricing is good relative to current market conditions. We are a middle market company with excellent credit and only use the line for seasonal working capital needs. Our pricing is L+115. Any feedback on that pricing or sources of independent information would be appreciated. Thank you.

Answers

J A
Title: Senior Controller
Company: SO Corner Prop Mgmt
(Senior Controller, SO Corner Prop Mgmt) |

Is L+115 means Line with 1.15% interest per annum?

I am learning about this myself. Ours involved a swap agreement in order to protect us against the increase in the interest rate. Our current line has 3.75% interest/annum.

I would love to read others' thought on your inquiry.

Anonymous
(CFO) |

LIBOR + X.XX.%

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