United States

Adesto technologies announces restructuring of debt facility

Thursday, 5 Oct 2017 09:00am EDT 

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.