FREMONT, Calif., January 4, 2018 — Identiv, Inc. (the “Company”), paid down an aggregate principal amount of $5.0 million of the $10.0 million outstanding principal balance of its Term Loan under the Company’s Loan and Security Agreement dated as of February 8, 2017 (the “Loan and Security Agreement”) with Venture Lending & Leasing VII, Inc. and Venture Lending & Leasing VIII, Inc. (collectively referred to as “VLL7 and VLL8”).
The Company paid to VLL7 and VLL8 approximately $5.9 million, consisting of $5.0 million in outstanding principal, and $0.9 million of accrued and unpaid interest outstanding at the prepayment date together with all scheduled interest that would have accrued and been payable through the stated maturity of the Term Loan. The material terms of the Loan and Security Agreement were previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2017.
The material terms are qualified by reference to the full text of the Loan and Security Agreement and the supplement of terms thereto, which were filed as Exhibits 10.2 and 10.3, respectively, to such Current Report on Form 8-K and are incorporated by reference. The full Form 8-K is available under the following link on the SEC’s website.
Investor Relations Contact:
Matt Glover and Najim Mostamand, CFA
Liolios Group, Inc.