Technology | 2009.12.28
EnergyConnect Group, Inc. Announces Extension to Credit Facility
SAN JOSE, Calif.--(BUSINESS WIRE)--EnergyConnect Group, Inc. (OTCBB:ECNG), a leading provider of smart grid demand response services and technologies, announced today that it has amended its $5 million Convertible Secured Note Credit Facility with Aequitas Commercial Finance, LLC. Under the terms of the amendment, the maturity date of the credit facility was extended through February 24, 2012, the interest rate on the facility will be reduced from 30% to 25%, and the permitted conversion percent
For more information, please visit
http://www.businesswire.com/news/home/20091228005237/en
