Monday, May 5, 2008
InfoSonics Gets $45M Credit Facility
San Diego-based InfoSonics is reporting today that it has added a new, $45M, two-year credit facility with Wells Fargo Century. Infosonics, which is a provider and distributor of wireless handsets in Latin America, said the credit facility replaces an existing credit line from Wlels Fargo HSBC Trade Bank. The amount available to the firm depends on accounts receivable and inventory levels.