Neebo Inc. announced it has closed on a $60 million 5-year revolving credit facility with PNC Bank, N.A. As part of this new facility, the Company's existing ABL lenders have also agreed to provide an additional $20 million of liquidity support. The new five-year credit facility enhances ability to source the right books as well as enable to continue to grow on-campus presence and expanded ecommerce strategy. The new credit facility will replace the company's existing facility, and will significantly extend the term and increase the commitment available to support the company's seasonal working capital needs.