Industry | 2010.02.16
Photronics Enters into New Credit Facility and Repays Its Previously Existing Credit Facility and Term Loan
BROOKFIELD, Conn.--(BUSINESS WIRE)--Photronics, Inc. (Nasdaq:PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, announced today that it has entered into a new three-year revolving credit facility in the amount of $50 million, with an expansion capability to $65 million. JP Morgan Chase Bank, N.A. will serve as administrative and collateral agent for this facility with RBS Citizens, National Association as syndication agent. In conn
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