Wednesday, December 15, 2010
Conexant Gets $20M In Credit Facility
Newport Beach-based Conexant Systems announced today that it has received a $20M credit facility from Silicon Valley Bank. Conexant said the credit line replaces an expiring, one-year $15M accounts receivable credit facility. Conexant said the new line provides it with lower interest rates than its prior facility. Conexant is a developer of a variety of semiconductor products.