News Article
Kyma announces debt financing deal
A new debt refinancing deal has been signed by Kyma.
Compound semiconductor manufacturer Kyma Technologies has announced a debt refinancing deal that will further expansion of the firm.
The financial package has been provided by the Neuse River Development Authority in North Carolina and will allow the company to make full use of its new back-end processing facility and to further increase its staff.
During the past two years, the company has grown considerably and now feels that the refinancing of its debts would provide the firm with a stable base for further growth over the long term.
"This will allow us not only to add new equipment, it also allows us to rethink our overall layout and to reallocate existing space so that we are better positioned to execute on our plans," commented Kyma's director of business development Heather Splawn.
Kyma was founded in 1988 and specialises in the production of gallium nitride and aluminium nitride substrates.
