Silicon Graphics (OTC: SGIDE) today announced that it has reached agreement with Morgan Stanley on a $130 million financing facility. The new financing
agreement, which will be used to fund day-to-day operations during the Company's previously announced reorganization process, will consist of a $100 million term loan and a $30 million revolving line of credit. The new financing agreement will replace the $70 million financing facility, announced on May 8, 2006, and the pre-petition credit facility with Wells Fargo Foothill, part of Wells Fargo & Company, and Ableco Finance LLC.
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SGI Announces Financing and Real Estate Agreements
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This page contains a single entry from the blog posted on June 1, 2006 9:48 PM.
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