RF Monolithics (RFMI) Updates Credit Facility with Wells Fargo
RF Monolithics, Inc. (NASDAQ: RFMI) today announced that it has reached an agreement on an updated credit facility with Wells Fargo Bank, National Association, part of Wells Fargo & Company (NYSE: WFC).
The updated credit facility keeps in place RFM's existing loans, which include a $3 million term loan (which has an unamortized balance of $1.7 million) and an $11 million revolver. The credit agreement expires in December, 2010.
RF Monolithics, Inc., through its subsidiaries, engages in the design, development, manufacture, and sale of wireless products.
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