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BRIEF-Vicon Industries amends credit facility, increasing borrowing availability
April 21, 2017 / 6:54 PM / 6 months ago

BRIEF-Vicon Industries amends credit facility, increasing borrowing availability

April 21 (Reuters) - Vicon Industries Inc:

* Vicon Industries amends credit facility, increasing borrowing availability

* Company can borrow up to $4 million under a sub-line of credit that is not subject to a borrowing base formula

* Says under amended agreement, company can borrow up to $4 million under a sub-line of credit

* Amended credit agreement also extends maturity date of credit facility to April 2, 2019

* Amended credit agreement reduces company’s minimum tangible net worth requirement

* Under amended agreement, co can borrow up to an additional $2 million to extent it has sufficient “eligible” accounts receivable Source text for Eikon: Further company coverage:

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