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BRIEF-Harmonic says entered into a loan and security agreement with Silicon Valley Bank
October 2, 2017 / 8:38 PM / 2 months ago

BRIEF-Harmonic says entered into a loan and security agreement with Silicon Valley Bank

Oct 2 (Reuters) - Harmonic Inc

* Harmonic Inc says ‍on Sept 27, 2017, Harmonic entered into a loan and security agreement with Silicon Valley Bank - SEC Filing​

* Harmonic Inc - ‍loan agreement provides a secured revolving credit facility in amount of up to $15.0 million

* Harmonic Inc - prior to Nov 1, company may borrow up to $7.5 million in excess of borrowing base limit

* Harmonic Inc- lender's commitments under agreement terminate, outstanding loans and accrued and unpaid interest are due and payable, on Sept 27, 2019 Source text: (bit.ly/2xNXZO3) Further company coverage:

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