We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Radisys Corp. (delisted) | NASDAQ:RSYS | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.72 | 1.71 | 1.72 | 0 | 01:00:00 |
Radisys® Corporation (NASDAQ: RSYS), the services acceleration company, today announced it has entered into a new and expanded credit agreement, which provides the Company a revolving loan commitment of $55.0 million with a stated maturity date of September 19, 2019. An initial principal amount of $10.0 million was borrowed under the new agreement, the proceeds of which were used to repay in full the outstanding balance under the previous credit agreement with Silicon Valley Bank as well as for general corporate purposes. The per annum interest rate under the credit agreement is prime plus 0.25% to 0.75%.
Commenting on the agreement, Brian Bronson, President and CEO of Radisys, stated, “Our newly expanded credit agreement, which provides an incremental $20 million of working capital availability, better positions us to support expected future growth across our business. More specifically, given the increased working capital requirements tied to our DCEngine products, the expanded credit line will be a contributor to our success in securing and servicing future orders from both new and existing customers.”
Additional details about the amended credit agreement can be found in the Form 8-K filed by the Company with the U.S. Securities and Exchange Commission at www.sec.gov.
About Radisys
Radisys helps communications and content providers, and their strategic partners, create new revenue streams and drive cost out of their services delivery infrastructure. Radisys’ hyperscale software defined infrastructure, service aware traffic distribution platforms, real-time media processing engines and wireless access technologies enable its customers to maximize, virtualize and monetize their networks. For more information about Radisys please visit www.radisys.com.
Radisys® is a registered trademark of Radisys.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160921006525/en/
Company Contact:Radisys IncorporatedJon Wilson, 503-615-1685Chief Financial OfficerJon.Wilson@radisys.comorInvestor Relations Contact:Shelton GroupBrett L Perry, 214-272-0070Vice President, IRRadisysIR@sheltongroup.com
1 Year Radisys Chart |
1 Month Radisys Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions