Identiv replaces $20M revolving credit facility with non-formula loan; lowers interest rate, adjusts covenants.

Identiv, Inc.

Old $20M borrowing-base revolving facility terminated; new $20M non-formula revolving facility established with no borrowing base.
Interest rate lowered from prime to prime minus 0.25% for Nonformula II Advances.
Financial covenants amended: minimum trailing 12-month EBITDA of $1.2M and minimum current ratio of 1.75:1, measured quarterly.
No advances outstanding under prior facility; $50k facility fee paid to East West Bank.
Covenant minimum unrestricted cash at Bank of $5M added to Compliance Certificate.

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