Luna Innovations Incorporated (NASDAQ: LUNA), a global provider of advanced fiber optic-based technology, has announced it has entered into a new USD 10 million revolving credit facility with Silicon Valley Bank (SVB), the company said.
The facility is secured by both tangible and intangible assets and will mature in October 2020. A prior USD 6 million term loan with SVB matured and was fully paid in May 2019.
Luna Innovations (www.lunainc.com) is a provider of optical technology, providing unique capabilities in high-performance, fiber optic-based, test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries. Luna is organized into two business segments, which work closely together to turn ideas into products: a Technology Development segment and a Products and Licensing segment. Luna´s business model is designed to accelerate the process of bringing new and innovative technologies to market.