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Agilysys
Agilysys Enters Into New $50 Million Credit Facility
May 22nd, 2009
Agilysys, Inc. (NASDAQ:AGYS), a leading provider of innovative IT solutions, announced the company has entered into a $50 million asset-based credit facility. The facility has an accordion provision that allows the company to increase the size to $75 million. The facility has a term of three years and provides flexibility to fund a variety of investments including but not limited to working capital, capital expenditures and acquisitions. The new credit facility replaces the company's previous unsecured financing facility, which was terminated January 20, 2009. The company had no amounts outstanding under the previous facility at the time of termination and had never...
Source: Health Business Week (2009-05-22)
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