iCAD Announces New Credit Facility with Bridge Bank, Increasing Operational Flexibility
icad inc. (ICAD)
Last icad inc. earnings: 2/27 04:01 pm
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icadmed.com/financial-news-and-events.html
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Source: GlobeNewswire
NASHUA, N.H., March 31, 2020 (GLOBE NEWSWIRE) -- iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced that it has entered into a credit facility with Bridge Bank, a division of Western Alliance Bank, effective March 30, 2020. The new credit facility consists of a $7 million term loan and a $5 million revolving line of credit. The four-year term loan will be interest-only for the first 18 months, which could be extended by an additional six months, if certain conditions are met. The line of credit has a two-year term and may be repaid and reborrowed at any time until its maturity date. “We are pleased to obtain this new financing from Bridge Bank during this period of unprecedented economic impact from the global coronavirus pandemic,” said Michael Klein, Chairman and CEO of iCAD. “This new credit facility, and support from Bridge Bank, strengthens our balance sheet and provides us with ad
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ICAD
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- ICAD's page on the SEC website