Solar equipment manufacturer Spire Corporation expands revolving credit facility

26 June 2009

Spire Corporation, a solar equipment manufacturer, has amended its current revolving credit facility with Silicon Valley Bank.

In addition to the amended $3m, the company has added an additional $5m revolver under an export-import credit facility which is supported by a guarantee from the Export-Import Bank of the United States.

In total, the company will have availability of up to $8m over the next year.

Roger G Little, CEO of Spire Corporation, said, ‘We are pleased to receive these credit facilities, which improve our liquidity to support our growth. Silicon Valley Bank has been a good financial partner. Even with the tough banking environment, we were also able to increase the loan availability with the assistance of the guarantee offered by Ex-Im Bank.’

Copyright © 2009 NewNet

Tags: solar

This story was published on Friday, June 26th, 2009 at 10:02 am and is filed under North America, companies, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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