Solar Integrated Roofing Corp. announced that it has secured a new $10 million revolving credit facility with a top four national bank to finance the company's working capital requirements, subject to customary closing conditions. Per the terms of the agreement, the $10 million revolving credit facility shall have a 1-year term and carry interest at the SOFR rate plus 1.50%.

The company may borrow, prepay and reborrow principal under the Credit Agreement from time to time during its term. Additional details of the credit facility will be available in a Form 8-K to be filed upon closing.