Kofax Gets $40M In Line of Credit

Irvine-based Kofax plc, the provider of document capture and processing products for business process automation, said today that it has entered into a new, three year $40m revolving line of credit. The new credit line comes from Bank of America Merrill Lynch. The firm said the new line replaces an earlier, $16M credit line from another bank, and will be used for working capital and growth.