Press Release
Ixia Increases and Extends Revolving Credit Facility
The amended credit facility also includes additional covenant flexibility and an accordion option, which allows the company to increase the size of the revolving credit facility by up to an additional
“We are pleased to announce that we have doubled the amount of committed capital under our revolving credit facility, increased its flexibility and extended its term to 2020,” said
Safe Harbor under the Private Securities Litigation Reform Act of 1995
Certain statements made in this press release are forward-looking statements, including, without limitation, statements regarding the accordion option included in the credit facility and the company’s positioning going forward. In some cases, such forward-looking statements can be identified by terms such as may, will, should, expect, plan, believe, estimate, predict or the like. Such statements reflect our current intent, belief and expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in the forward-looking statements. Factors that could cause the actual results to differ materially from the results predicted include, among others, the risk that upon any exercise by the company of the accordion option the lenders do not increase their commitments under the credit facility and the risk that the company will be unable to execute on its strategic objectives. Such factors also include those factors identified in our Annual Report on Form 10-K for the year ended
About Ixia
Learn more at www.ixiacom.com.
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Source:
Financial Contact:
The Blueshirt Group
Maria Riley, 415-217-7722
Investor Relations