Brief: Id Systems Inc Says Co's Unit Entered Into A Credit Agreement With Bank Hapoalim B.M.

PowerFleet

23/08/2019 21:55

Aug 23 (Reuters) - ID Systems Inc  IDSY.O :
    * ID SYSTEMS INC - ON AUG 19, CO'S UNIT ENTERED INTO A
CREDIT
AGREEMENT WITH BANK HAPOALIM B.M. - SEC FILING
    * ID SYSTEMS - HAPOALIM HAS AGREED TO PROVIDE POINTER HOLDCO
WITH
TWO SENIOR SECURED TERM LOAN FACILITIES IN AN AGGREGATE
PRINCIPAL AMOUNT OF $30 MILLION
    * ID SYSTEMS INC - HAPOALIM HAS AGREED FIVE-YEAR REVOLVING
CREDIT
FACILITY TO POINTER TELOCATION LTD. IN AGGREGATE PRINCIPAL
AMOUNT OF $10 MILLION

Source: (https://bit.ly/2TZPGKc)
Further company coverage:  IDSY.O 

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