Ringmaster Technologies Expands and Extends Its Revolving Line of Credit with Comerica Bank
FOR IMMEDIATE RELEASE
Boca Raton, FL – December 19, 2024 – Ringmaster Technologies, Inc., announced today that it has expanded and extended its credit facility with Comerica Bank.
Ringmaster announced an increase in commitment from Comerica Bank under its revolving line of credit to $5 million – an impressive accomplishment fueled by the continuing growth of the business.
“The expansion of the line of credit with Comerica enhances our liquidity and provides us with additional capacity to support new product expansion and our aggressive hiring plan.” said Todd Roberti, CEO of Ringmaster Technologies. “The successful upsizing and extension of our line of credit not only highlights the strength of Ringmaster’s balance sheet, but also the powerful growth outlook of our business.”
Suzanne Adinolfi, Senior Vice President at Comerica, shared “Comerica is thrilled to be Ringmaster’s banking partner. We are excited to support and witness Ringmaster’s continued growth and success.”
To learn more about Ringmaster Technologies and its products, visit their website at www.ringmastertech.com.
About Ringmaster Technologies, Inc.: Ringmaster Technologies is a pioneer in cloud-based software solutions designed to streamline the complexity of the Stop-Loss and Pharmacy procurement cycle from Market to Bind to Administer to Renew. Through the use of automation and advanced data analytics, Ringmaster enhances administrative processes for brokers and self-funding consultants involved in stop-loss insurance. Ringmaster Technologies – We listen to our users and help them win.
About Comerica. Bank: A subsidiary of Comerica Incorporated (NYSE: CMA), Comerica Bank is a financial services company headquartered in Dallas, Texas, and is strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful, providing nearly 380 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.
For additional information, call (330) 648-3700 or email [email protected].