Brief: Appian Corp Says Does Not Believe Receivership Of Silicon Valley Bank Will Have Material Impact On Its Operations

Appian

13/03/2023 13:21

March 13 (Reuters) - Appian Corp  APPN.O :
    * APPIAN CORP - DOES NOT BELIEVE RECEIVERSHIP OF SILICON
VALLEY
BANK ("SVB") WILL HAVE A MATERIAL IMPACT ON ITS OPERATIONS
    * APPIAN - VAST MAJORITY OF CO'S CASH, CASH EQUIVALENTS, AND
SHORT-TERM INVESTMENTS ARE DEPOSITED IN OR IN CUSTODY OF
INSTITUTIONS OTHER THAN SVB
    * APPIAN CORP - HAS UP TO $50 MILLION OF AVAILABLE CREDIT IN
FORM
REVOLVING LOAN AGREEMENT WITH NON-SVB INSTITUTIONS SHOULD IT
NEED ADDITIONAL LIQUIDITY

Further company coverage:  APPN.O 

 ((Reuters.Briefs@thomsonreuters.com;))