Brief: Axcelis Says Expects Immaterial Impact From Relationship With Silicon Valley Bank

Axcelis Technologies

12/03/2023 19:13

March 12 (Reuters) - Axcelis Technologies Inc  ACLS.O :
    * AXCELIS EXPECTS IMMATERIAL IMPACT FROM RELATIONSHIP WITH
SILICON
VALLEY BANK
    * HAS AN UNUSED LINE OF CREDIT WITH BANK AND HAS USED BANK
FOR
CUSTOMER RECEIVABLES, IN SWEPT DEPOSIT ACCOUNTS
    * AXCELIS TECHNOLOGIES- HAS BANKING RELATIONSHIPS WITH
MULTIPLE
U.S. AND FOREIGN BANKS, INVESTMENT MANAGERS & WILL NOT HAVE ANY
LIQUIDITY ISSUES RESULTING FROM SVB

Source text for Eikon:  ID:nPn47sSwGa 
Further company coverage:  ACLS.O 

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