Luna Announces New Credit Facility
15 Outubro 2019 - 9:30AM
Business Wire
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in
advanced fiber optic-based technology, announced today it has
entered into a new $10 million revolving credit facility with
Silicon Valley Bank (SVB). The facility is secured by both tangible
and intangible assets and will mature in October 2020. A prior $6
million term loan with SVB matured and was fully paid in May
2019.
“We are pleased to once again extend our relationship with SVB,”
said Scott Graeff, President and Chief Executive Officer. “We
appreciate that SVB continues to demonstrate their support and
confidence in Luna. While we do not currently expect to draw
against the revolving credit facility, it provides us with
flexibility and access to additional capital should a need arise in
the future.”
“Luna Innovations is a leader in fiber optic-based technology,”
said Alicia Fuller, Managing Director, Silicon Valley Bank. “Given
the strength of Luna’s balance sheet and underlying business, we
are proud to be a lender to such a leading organization.”
About Luna
Luna Innovations, Incorporated (www.lunainc.com) is a leader in
optical technology, providing unique capabilities in
high-performance, fiber optic-based, test products for the
telecommunications industry and distributed fiber optic-based
sensing for the aerospace and automotive industries. Luna is
organized into two business segments, which work closely together
to turn ideas into products: a Technology Development segment and a
Products and Licensing segment. Luna’s business model is designed
to accelerate the process of bringing new and innovative
technologies to market.
Forward-Looking
Statements
The statements in this release that are not historical facts
constitute “forward-looking statements” made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of
1995 that involve risks and uncertainties. These statements include
expectations regarding Luna’s access to capital and financial
strength, its technological leadership and the strength of its
underlying business. Management cautions the reader that these
forward-looking statements are only predictions and are subject to
a number of both known and unknown risks and uncertainties, and
actual results, performance, and/or achievements of Luna may differ
materially from the future results, performance, and/or
achievements expressed or implied by these forward-looking
statements as a result of a number of factors. These factors
include, without limitation, changes in market needs and
technological challenges and changes in the financial markets and
other risks and uncertainties set forth in Luna’s periodic reports
and other filings with the Securities and Exchange Commission
(“SEC”). Such filings are available on the SEC’s website at
www.sec.gov and on Luna’s website at www.lunainc.com. The
statements made in this release are based on information available
to Luna as of the date of this release and Luna undertakes no
obligation to update any of the forward-looking statements after
the date of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191015005295/en/
Investor Contacts: Jane Bomba Luna Innovations
Incorporated Phone: 303-829-1211 Email: IR@lunainc.com
Sally J. Curley Luna Innovations Incorporated 614-530-3002
IR@lunainc.com
Luna Innovations (NASDAQ:LUNA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Luna Innovations (NASDAQ:LUNA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024