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Quotes & Info
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| RMTR > SEC Filings for RMTR > Form 8-K on 29-Jun-2009 | All Recent SEC Filings |
29-Jun-2009
Entry into a Material Definitive Agreement, Creation of a Direct Finan
On June 24, 2009, Ramtron International Corporation ("Company") and Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares ("SVB") entered into a Sixth Amendment ("Amendment") to the Company's Amended and Restated Loan and Security Agreement dated September 14, 2005, as amended ("Amended Loan Agreement"). The Amendment extends our revolving secured credit facility with SVB for the purposes permitted in the Amended Loan Agreement, previously scheduled to terminate on June 27, 2009, during which period the Company intends to pursue negotiation of a new revolving secured credit facility with SVB. Pursuant to the Amendment, the $4 million revolving secured credit facility will now expire on September 1, 2009. The Amendment also provides for the Company to enter into capital leases in an aggregate amount of no more than $3,000,000, provided that notice of such capital leases is given to SVB. Interest on the revolving facility is set at a floating rate equal to the prime lending rate plus 0.50% per year, with a minimum interest rate of 6.00% per year.
There are no material relationships between the Company and its affiliates, on the one hand, and Silicon Valley Bank, on the other.
(A) Creation of a Direct Financial Obligation
Information concerning the Company's revolving secured credit facility and Amended Loan Agreement is set forth in Item 1.01, which information is incorporated herein by reference.
(a) Financial Statements - Not Applicable
(b) Pro-Forma Financial Information - Not Applicable
(c) Shell Company Transactions - Not Applicable
(d) Exhibits:
10.59 Sixth Amendment to Amended and Restated Loan and Security
Agreement between Ramtron International Corporation and
Silicon Valley Bank dated June 24, 2009.
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