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Plug Power Secures Extension of Reloving Line of Credit With Silicon Valley Bank Through March 2013

Plug Power Inc. (Nasdaq: PLUG) today reported that it has secured an extension of its revolving line of credit with Silicon Valley Bank through March 29, 2013. Plug Power's total revolving credit facility arrangement with Silicon Valley Bank has also been increased from $7 million to $15 million effective with the signing of the extension. The facility will provide the company with additional access to working capital in support of its growing GenDrive business.

Posted-In: News Financing

 

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