ERF Wireless, Inc. publicized that the company recently finalized a revolving line of credit debt unit worth US$8.0 million. ERF Wireless was a leading supplier of enterprise-class wireless and broadband merchandises and services.

Under the terms of the contract, TCA Global Credit Master Fund, L.P would commit to provide a total of US$8.0 million over time. By means of giving out senior protected revolving accounts, TCA would be able to conform to the agreement. The first tranche that would come from TCA would be worth US$1.5 million.

Moreover, TCA would continue to lend ERF if the company was able to meet particular monthly collateral requirements. After the initial draw, TCA would have to approve everything first before it releases money again.

ERF Wireless' CEO, Dr. H. Dean Cubley, said, "We are pleased to be able to put this new debt facility in place at this particular point in the overall development of the ERF Wireless business plan. We have a number of expansion projects where the availability of such a credit facility will work to our advantage as we utilize it in conjunction with our other sources of capital to continue to grow our business."