Rubicon Technology Inc of Bensenville, IL, USA, which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries, has closed a three-year $25m secured revolving credit facility with Silicon Valley Bank.
“This undrawn credit facility bolsters Rubicon’s strong liquidity position,” says chief financial officer William Weissman. “It is prudent to establish this additional financial flexibility for the future,” he believes.
Rubicon currently has no debt. The terms and conditions of the credit facility will be described in the firm’s filings with the US Securities and Exchange Commission (SEC).
Source:
http://www.semiconductor-today.com/news_items/2013/JAN/RUBICON_040113.html
