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Quotes & Info
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| RTIX > SEC Filings for RTIX > Form 8-K on 30-Dec-2008 | All Recent SEC Filings |
30-Dec-2008
Entry into a Material Definitive Agreement, Termination of a Material Definit
On December 30, 2008, we borrowed $1.75 million from Mercantile Bank, a division of Carolina First Bank, pursuant to the terms of a Term Note due on February 28, 2009. The Term Note bears interest at LIBOR plus 3% and is secured by cash collateral deposited with Mercantile Bank. We currently are in discussions with Mercantile Bank regarding a long-term credit facility.
On December 30, 2008, we prepaid the outstanding balance of our term loan from GE Capital, Inc. and terminated our credit facility with GE Capital. GE Capital had elected not to renew the credit facility, which was due to expire on February 28, 2009.
On December 30, 2008, we issued a press release announcing our estimated revenues for 2008 and for the fourth quarter of 2008.
A copy of the press release is furnished herewith as Exhibit 99.1.
(d) Exhibits.
99.1 Press Release dated December 30, 2008.
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