eGain Establishes New $20 Million Credit Facility With

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
eGain Establishes New $20 Million Credit Facility With Wells Fargo Capital Finance

SUNNYVALE, CA--(Marketwired - Nov 25, 2014) - eGain ( NASDAQ : EGAN ), 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.

About eGain eGain's customer engagement solutions power digital transformation for leading brands. Our top-rated cloud applications for social, mobile, web, and contact centers help clients deliver connected customer journeys in a multichannel world. To find out more about eGain Corporation visit http://www.egain.com/company/investors/

Headquartered in Sunnyvale, California, eGain has operating presence in North America, EMEA, and APAC. To learn more about us, visit www.eGain.com or call the company's offices: +1-800-821-4358 (US), +44-(0)-1753-464646 (EMEA), or +91-(0)-20-6608-9200 (APAC).

Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among other matters, statements about the Company's market opportunities, statements regarding the success of the credit facility, as well as any excepted results or outcomes pertaining to the credit facility. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, the Company's results could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties referred to above include, but are not limited to; risks that our hybrid revenue model and lengthy sales cycles may negatively affect our operating results; risks related to our reliance on a relatively small number of customers for a substantial portion of our revenue; our ability to compete successfully and manage growth; our ability to develop and expand strategic and third party distribution channels; risks associated with new product releases; risks related to our international operations; our ability to invest resources to improve our products and continue to innovate; and other risks detailed from time to time in eGain's filings with the Securities and Exchange Commission, including eGain's annual report on Form 10-K filed on September 12, 2014, and eGain's quarterly reports on Form 10-Q, which are available on the Securities and Exchange Commission's Web site at www.sec.gov . These forward-looking statements are based on current expectations and speak only as of the date hereof. The Company assumes no obligation to update these forward-looking statements.

eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corp. in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of the respective companies.

eGain Charles Messman VP Finance Phone: 408-636-4500 Email: iregain@egain.com MKR Group Investor Relations Todd Kehrli or Jim Byers Phone: 323-468-2300 Email: egan@mkr-group.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tarte's Record-Breaking Collab: 60 Seconds to Sellout

Updated Category News Views 71

When Makeup Meets Pajamas: The Perfect Storm Picture this: a makeup brand and a lifestyle label dreaming up a collaboration that sends consumers into a full-blown frenzy. In a whirlwind that lasted just 60 seconds, tarte's latest partnership with Roller Rabbit blazed through stock, cementing its place as a record-breaking phenomenon. Maureen Kelly, tarte’s intrepid CEO,...

Continue Reading
Greasezilla to Process 15M Gallons of FOG Yearly

Updated Category News Views 37

Greasezilla Steps Up for FOG Processing If there’s one thing that makes dealing with wastewater a greasy business, it’s FOG - fats, oils, and grease. It’s the stuff nightmares are made of for any utility trying to keep their pipes clear and their operations running smooth. Now, Greasezilla is stepping into the spotlight at one of the country's largest wastewater...

Continue Reading
AbsenceSoft's AI Leave Planner Tackles HR Headaches

Updated Category News Views 39

Pioneering Technology in Leave Management AbsenceSoft is rolling out a tool that's about to shake up the HR world in a big way. MyAbsence, powered by AbsenceSoftAI, seems ready to cut down on the common confusions that send HR folks spinning around like they're in a two-step dance competition, juggling leave requests and compliance checks. It's all about getting the...

Continue Reading
Systemair Wins First Natural Refrigerant Heat Pump Deal

Updated Category News Views 77

Systemair Breaks New Ground Hold onto your hats, because Systemair just sealed a deal that's going to make waves. Their recent accomplishment isn't just some humdrum business tedium—it's an intriguing step forward in the HVAC world. Systemair snagged their very first order for air handling units featuring an integrated heat pump and natural refrigerant. You've got to...

Continue Reading
AI Shift: From Tech Marvels to Practical Uses

Updated Category News Views 80

A New Chapter in the AI Narrative Take a seat, folks, because we're watching AI swing from showy tech to something as plain as plumbing infrastructure. Imagine models that once cost bundles per token now going for peanuts. We're talking a nosedive from $37.50 to a mere 18 cents. It’s a seismic shift, steering the conversation from 'Are they the best models?' to 'How...

Continue Reading
Lemon Grove Bans Bird Sales to Combat Cruelty

Updated Category News Views 52

A Bird's Eye View on Lemon Grove's Bold Stand The folks in Lemon Grove, California, just sent out a loud and clear message: put an end to the inhumane sale of birds in pet stores. With 65% of voters backing Measure E, they've decided that birds fly best when they aren't part of a retail circus. Under this new rule, stores can only put birds up for adoption if they're...

Continue Reading
Kaolin Market Surges to $8.89B by 2031: Key Trends

Updated Category News Views 91

Riding the Kaolin Wave: Industrial Market Expansion You can't miss the sound of kaolin clinking in as it rides the tide of industrial demand. Reports from MarketsandMarkets™ have kaolin's party rocking all the way to a hefty $8.89 billion by 2031, up from $6.19 billion in 2026. With a sensible 7.5% compound annual growth rate (CAGR), this clay’s is aiming for the...

Continue Reading
Hormel Foods Sets Stage for Q4 Earnings Call in December

Updated Category News Views 124

Hormel Foods Prepares for Earnings Spotlight In a world where market instability feels like the only constant, Hormel Foods Corporation (NYSE:HRL) is setting up one of those must-watch moments. You've got DECEMBER 3rd circled on your cal, right? If not, you're about to miss a curtain raiser that could send ripples across portfolios. Setting the Stage: December's Big...

Continue Reading
LONGi Achieves 10th BNEF Tier 1 Listing Amidst Stricter Rules

Updated Category News Views 111

LONGi Surpasses New BNEF Barriers with Ease Alright, let's dig into the meat of the matter today. LONGi has snagged its 10th straight spot in BloombergNEF's (BNEF) Tier 1 list of global energy storage manufacturers. And mind you, that's no small potatoes, especially with stricter financing demands rearing their hefty heads this quarter. Non-Recourse Financing: A Tougher...

Continue Reading
UN Forum Unleashes LatAm CEO Coalition for Action

Updated Category News Views 89

Latin America Takes Center Stage When the UN turns its spotlight on a region, you know there's something afoot. Right in Montevideo, Uruguay, the United Nations Global Compact gathered a hefty crowd of over 300 leaders from diverse backgrounds—think business, finance, government, and academia. What they were brewing wasn’t just talk; it was about driving real change...

Continue Reading

Top 5 Most Recently Viewed Articles

Mizuho Stays Neutral on Super Micro Amid Delisting Concerns

Updated Category News Views 160

Mizuho Maintains Neutral Outlook on Super Micro Mizuho Financial Group recently reaffirmed its neutral rating for Super Micro Computer (NASDAQ: SMCI) while setting a price target of $45.00. This stance arises from ongoing worries about the company's internal financial controls and potential risks of being delisted from the NASDAQ, which could significantly impact its...

Continue Reading
Kyverna Therapeutics Investors: Join the Fight for Justice

Updated Category News Views 197

Investors Mobilize Against Securities Fraud In a significant development, the Schall Law Firm has taken the lead in filing a class action lawsuit against Kyverna Therapeutics, Inc. (NASDAQ: KYTX). This legal action emphasizes the importance of ensuring that companies are transparent and truthful in their communications with investors. The firm specializes in representing...

Continue Reading
Understanding Life Science REIT Plc's Recent Position Disclosure

Updated Category News Views 128

Key Information About Life Science REIT Plc Life Science REIT Plc, a company focused on creating spaces that foster innovation in the life sciences sector, recently made a position disclosure regarding ownership interests. This disclosure is particularly important for investors and market analysts as it reflects the shareholder structure, and can influence decisions in...

Continue Reading
Lumen Technologies Set to Release Key Financial Results Soon

Updated Category News Views 187

Anticipation for Lumen Technologies' Q1 Earnings Report Lumen Technologies (NYSE: LUMN), renowned for providing a robust network that integrates artificial intelligence, is poised to announce its financial results for the first quarter. Investors and stakeholders alike await these results with keen interest, as they will showcase the company's financial performance and...

Continue Reading
Why Bundling Insurance Policies Might Save Time

Updated Category News Views 18

Understanding Insurance Bundling In this fast-paced world where even the toaster thinks it's smarter than you, insurance might seem like a relic. But bundling policies—now that's something even the technophobes can dig. HelloNation brought in Sam Kessler, the insurance whiz from Strongsville, to lay it down. Simplifying Insurance Management Kessler's take? Bundling your...

Continue Reading