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Icera agrees $12m debt facility

Connectivity BusinessbyConnectivity Business
January 11, 2011
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US semi-conductor manufacturer Icera announced today that it has secured a US$12m debt facility with the Silicon Valley Bank, a division of SVB Financial Group.
The facility consists of a US$4m three-year term loan and US$8m two-year working capital line…

US semi-conductor manufacturer Icera announced today that it has secured a US$12m debt facility with the Silicon Valley Bank, a division of SVB Financial Group.

The facility consists of a US$4m three-year term loan and US$8m two-year working capital line of credit.

Icera produces semiconductors for smartphones and the mobile broadband markets.

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