Inseego Corp. (Nasdaq: INSG), a leading global provider of software-as-a-service ("SaaS") and mobile broadband solutions for the Internet of Things ("IoT"), entered into a Credit Agreement with certain funds managed by Highbridge Capital Management, LLC on August 23, 2017. Pursuant to the credit agreement, the lenders provided the Company with a new term loan facility in the principal amount of $48.0 million (the "Loan") with a maturity date of August 23, 2020. The Loan will bear interest at a rate per annum equal to LIBOR, but in no event less than 1.00%, plus 7.625%. A portion of the proceeds from the Loan was used to repay all amounts outstanding under the Company's previous Senior Credit Agreement due May 8, 2018. Click here for more.
from Cellular News http://bit.ly/2wC3Fgj
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