October 5, 2017 / 1:21 PM / 14 days ago

BRIEF-Adesto technologies announces restructuring of debt facility

Oct 5 (Reuters) - Adesto Technologies Corp:

* Adesto Technologies announces restructuring of debt facility

* Adesto Technologies - under terms of agreement, borrowing capacity under working capital line of credit has been increased from $2 million to $5 million

* Adesto Technologies Corp - ‍has amended its existing debt agreement with bridge bank, a division of Western Alliance Bank​

* Adesto Technologies Corp - new debt service payments will be reduced to approximately $1.0 million per quarter beginning in October 2018 Source text for Eikon: Further company coverage:

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