Sierra Wireless Announces Debt Financing for CAD$60 million
Sierra Wireless, Inc. (SWIR)
Last sierra wireless, inc. earnings: 2/13 04:32 pm
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Source: Business Wire
Company secures new debt facility with CIBC Innovation Banking and the Business Development of Canada VANCOUVER, British Columbia--(BUSINESS WIRE)--Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW), a world leading IoT solutions provider, today announced that it has entered into a credit agreement for a new debt financing facility with CIBC Innovation Banking as administrative agent, and CIBC Innovation Banking and the Business Development Bank of Canada (BDC) as lenders. The new debt facility is for CAD$60 million and has a term of four years. The new facility will provide additional liquidity to the company’s balance sheet.About Sierra WirelessSierra Wireless (NASDAQ: SWIR) (TSX: SW) is a world leading IoT solutions provider that combines devices, network services, and software to unlock value in the connected economy. Companies globally are adopting 4G, 5G, and LPWA solutions to improve operational efficiency, create better customer experiences, improve their business models, and c
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