News Article
Rubicon secures $25 million revolving credit facility
The financing to the sapphire substrate manufacturer strengthens its liquidity position
Rubicon Technology, Inc. has announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank.
“This undrawn credit facility bolsters Rubicon’s strong liquidity position,” says William Weissman, Chief Financial Officer of Rubicon Technology. “We believe it is prudent to establish this additional financial flexibility for the future.”
Rubicon currently has no debt.
The terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.
“This undrawn credit facility bolsters Rubicon’s strong liquidity position,” says William Weissman, Chief Financial Officer of Rubicon Technology. “We believe it is prudent to establish this additional financial flexibility for the future.”
Rubicon currently has no debt.
The terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.
