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Radisys expands credit agreement

Sep. 22, 2016 9:01 AM ETRadiSys Corporation (RSYS) StockBy: Gaurav Batavia, SA News Editor
  • Radisys NASDAQ:RSYS expands credit agreement through revolving loan commitment of $55M at the interest rate of prime plus 0.25% to 0.75% p.a., maturing on September 19, 2019.
  • $10M from the above loan was used to repay the full outstanding balance under the previous credit agreement with Silicon Valley Bank and for general corporate purposes.

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