eGain Establishes New $20 Million Credit Facility With Wells Fargo Capital Finance

PRESS RELEASE: eGain, the leading provider of cloud customer engagement solutions, today announced that it has established a new $20 million credit facility with Wells Fargo Capital Finance. The new facility, which includes a $10 million, five-year term loan and a $10 million revolver, replaces eGain’s current credit facility.

“This new credit facility with Wells Fargo Capital Finance is larger and for a longer term than our previous facility, providing us greater financial flexibility to support our strategic growth plans,” commented Eric Smit, Chief Financial Officer of eGain.