Lantronix enters $15M revolving credit facility with Silicon Valley Bank, maturing 2028

LANTRONIX INC

Revolving facility up to $15M, subject to borrowing base, to refinance prior debt and for working capital.
Matures August 1, 2028; interest rate is greater of 5% or Prime Rate plus 0.0%-0.5% margin.
Covenants include minimum liquidity test; restrictions on liens, debt, investments, and dividends.
Includes letters of credit sublimit as part of the facility; customary events of default apply.

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