Identiv, Inc. (the “Company”) entered into an amendment (the “Tenth Amendment”) to its Loan and Security Agreement with East West Bank.
Under the Tenth Amendment, the revolving loan facility under the Loan and Security Agreement was increased from $16.0 million to $20.0 million, the interest rate was reduced from prime rate plus 1.0% to prime rate plus 0.75%, the maturity date was extended to February 8, 2021, and certain financial covenants were amended, including covenants with respect to minimum EBITDA levels.
The foregoing description of the Tenth Amendment is not complete and is qualified in its entirety by reference to the full text of such amendment, which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K. The 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.