Quest Solution, Inc. announced that it has secured a revolving credit facility from Wells Fargo Bank in the maximum principal amount of $8,000,000. The credit agreement provides for a revolving loan from the lender in the maximum principal amount of $8,000,000. At the initial closing on December 31, 2014, $2,019,345.14 (less customary closing costs and fees) was funded under the credit agreement.

The proceeds from the credit agreement are expected to be used for general corporate purposes. Interest on borrowings under the revolving loan generally ranges from 2.75% to 3.25% over the daily three month libor depending on the average quarterly outstanding advances under the credit agreement. The maturity date of the credit agreement is December 31, 2017.

The credit agreement contains customary affirmative and negative covenants and also contains financial covenants that, among other things, require to comply with fixed charge coverage and capital expenditure tests. The lender may accelerate amounts outstanding under the credit agreement upon the occurrence of an event of default, which includes among other things, the failure to pay amounts due or the filing of bankruptcy proceedings.