Brief: Identiv Inc Says Independent Members Of Board Initiated A Process To Explore Strategic Alternatives

INVE Technologies

30/01/2020 23:06

Jan 30 (Reuters) - Identiv Inc  INVE.O :
    * IDENTIV INC - ON JANUARY 28, 2020, INDEPENDENT MEMBERS OF
BOARD
INITIATED A PROCESS TO EXPLORE STRATEGIC ALTERNATIVES
    * IDENTIV INC SAYS ENTERED INTO AN AMENDMENT ( 'TWELFTH
AMENDMENT') TO ITS LOAN AND SECURITY AGREEMENT WITH EAST WEST
BANK - SEC FILING
    * IDENTIV INC - MAY RETAIN AN INDEPENDENT FINANCIAL ADVISOR
OR
OTHER EXTERNAL RESOURCES TO ASSIST EXPLORATION OF STRATEGIC
ALTERNATIVES
    * IDENTIV INC - NO TIMETABLE HAS BEEN SET FOR COMPANY'S
EVALUATION
OF STRATEGIC ALTERNATIVES
    * IDENTIV INC - TWELFTH AMENDMENT RETAINS TOTAL CREDIT
AMOUNT OF
$20.0 MILLION
    * IDENTIV - CAN BE NO ASSURANCE THAT REVIEW OF STRATEGIC
ALTERNATIVES WILL RESULT IN CO PURSUING PARTICULAR TRANSACTION
OR COMPLETING ANY TRANSACTION
    * IDENTIV INC -  TWELFTH AMENDMENT INCLUDES A NEW TERM LOAN
FACILITY IN A PRINCIPAL AMOUNT OF $4.5 MILLION
    * IDENTIV INC - REVOLVING LOAN FACILITY UNDER LOAN AND
SECURITY
AGREEMENT WAS DECREASED TO $15.5 MILLION
    * IDENTIV INC - UPON REPAYMENT OF NEW TERM LOAN IN FULL,
REVOLVING
LOAN FACILITY WILL BE INCREASED TO $20.0 MILLION

Source: (https://bit.ly/2vB3baZ)
Further company coverage:  INVE.O 

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