QuickLogic Establishes New Banking Relationship and Secures $10 Million Revolving Credit Facility
QuickLogic Corporation has entered into a new banking relationship with Sunflower Bank, securing a $10 million revolving credit facility. This replaces its previous agreement with Heritage Bank of Commerce and is intended to support the company's growth strategy, including development of radiation-hardened FPGAs for the US Government and expansion of its eFPGA Hard IP licensing. The facility matures in 2029.
Topics: banking relationship corporate finance credit facility financial flexibility growth strategy