Radisys Corporation (NASDAQ: RSYS), a global leader of open telecom solutions, has announced the company closed a USD 17 million financing with Hale Capital Partners (“HCP”) and also entered into a newly established USD 20 million asset-backed line of credit agreement with Marquette Business Credit, a subsidiary of UMB Bank, the company said.
In conjunction with securing the new financing, the company settled all outstanding balances and terminated its previous line of credit with Silicon Valley Bank.
The senior notes carry an interest rate of Prime plus 5.75%, with amortization not scheduled to begin until August 2018. ROTH Capital acted as placement agent and financial advisor to Radisys on the transaction. Additional details and terms of the respective agreements can be found in Form 8-K filed by the company today with the US Securities and Exchange Commission at www.sec.gov.
Radisys helps communications and content providers, and their strategic partners, create new revenue streams and drive cost out of their services delivery infrastructure. Radisys´ hyperscale software defined infrastructure, service aware traffic distribution platforms, real-time media processing engines and wireless access technologies enable its customers to maximize, virtualize and monetize their networks. For more information about Radisys, visit www.radisys.com.
HCP partners with talented entrepreneurs to achieve remarkable corporate transformations. Whether providing equity or debt in control or non-control situations, we serve as stewards for the ideas of extraordinary leaders as they seek to accelerate growth in public companies, divestitures, special situations and other lower middle market companies. Founded in 2007, HCP´s roadmap to success centers on a program of transformation–financial, cultural, and operational–developed from extensive academic work and two decades of investment expertise. This critical intellectual property helps our companies evolve, grow, and compete in an ever-shifting marketplace.