PFSweb Renews $12.5M Credit Facility with Comerica

PFSweb, Inc. (Nasdaq: PFSW), an international provider of end-to-end eCommerce solutions, announced today that it has renewed its $12.5 million asset based financing facility with Comerica Bank through March 2014 on terms consistent with the current agreement.

“We are pleased to continue our relationship with Comerica, which started in 2003,” said Tom Madden, PFSweb's Chief Financial Officer and Chief Accounting Officer. “We expect that this renewed facility, combined with our solid balance sheet and liquidity, will continue to position us to take advantage of the growing demand for our suite of eCommerce solutions.”

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