Lantronix Inc. Secures $15 Million Revolving Credit Facility in Amended Loan Agreement with Silicon Valley Bank
On August 15, 2025, Lantronix, Inc., along with its subsidiaries, entered into a Fourth Amended and Restated Loan and Security Agreement with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company. This agreement establishes a revolving credit facility of up to $15 million for the company. The facility is intended to refinance existing obligations under a previous agreement, cover related fees, and support working capital and general corporate purposes. Scheduled to mature on August 1, 2028, the facility will bear interest at a rate equal to the higher of 5.0% or the Prime Rate plus up to 0.5%, depending on the company's liquidity. The agreement also includes standard covenants and default provisions, emphasizing the company's commitment to maintaining specified financial metrics.
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