Brief: Infosonics corp enters into eighth amendment to loan and security agreement with Silicon Valley Bank

Simply

29/03/2017 11:10

March 29 (Reuters) - Infosonics Corp  IFON.O :  
    * Infosonics Corp - on March 24, 2017, co entered into 
eighth amendment to loan and security agreement with Silicon 
Valley Bank 
    * Infosonics Corp - amendment modifies original loan and 
security agreement that was dated as of March 27, 2014, as 
amended 
    * Infosonics Corp - primary purpose of amendment to remove 
co's ability to borrow against accounts receivable and limit 
borrowing to $2 million sublimit 
 
Source text: (http://bit.ly/2o9NeDE) 
Further company coverage:  IFON.O  
 
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