Alliance Entertainment Holding Corporation announced the closing of a new 3-year $120 million senior secured asset based credit facility with White Oak Commercial Finance, LLC. This credit facility replaces the Company's revolver with Bank of America. The new credit facility includes a $120 million asset based revolving credit facility (the "Revolver").

The Revolver will bear interest at a rate of the 30-day SOFR plus 4.5%, Borrowings from the facility will primarily be used to retire the existing credit facility, fund working capital needs and provide for general corporate purposes.