Ixia Announces Four-Year $150M Revolving Facility
Ixia (Nasdaq: XXIA), a provider of test and monitoring solutions that optimize networks and data centers to accelerate and secure application delivery, announced today that it has secured a four-year, $150 million Senior Secured Revolving Credit Facility.
The credit facility includes an accordion option, which allows the company to increase the size of the facility by up to $50 million under certain circumstances, extending its total line of credit borrowing capability to $200 million.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.