Ixia Gets $100M Credit Facility

Calabasas-based Ixia, the developer of network testing equipment and software, reported late Tuesday that it has secured a new, $100M credit facility. The company said the new credit line is being administered by Silicon Valley Bank, along with Regions Bank, with funds coming from Cadence Bank, N.A., Barclays Bank and Stifel Financial Corp. The company said the three year credit facility including revolving credit of up to $60M and term loan of $40M, with an option to request up to $80M in additional credit if needed. Terms of the credit facility were not announced.