Wednesday, July 27, 2016

GENBAND Gets $50M Credit Facility From SVB

Plano-based communications products maker GENBAND has received a $50M, revolving credit facility from Silicon Valley Bank, SVB said this morning, to help support its growth initiatives. Terms on the revolving credit facility were not announced. According to GENBAND, the new credit line will help it keep up with rapid growth. SVB's efforts were led by Robert Clouse, Director of Corporate Finance in Dallas.