Larscom Incorporated Announces $5 Million Credit Line
10 June 2004 - 4:27AM
PR Newswire (US)
Larscom Incorporated Announces $5 Million Credit Line NEWARK,
Calif., June 9 /PRNewswire-FirstCall/ -- Larscom Incorporated
(NASDAQ:LARS), a leading provider of WAN connectivity and network
access equipment, today announced that it had agreed to a $5
million asset-based credit line with Silicon Valley Bank. "We are
pleased to have established this credit line with Silicon Valley
Bank, a bank that understands and has a long history of support for
high technology enterprises," said Don Morgan, Larscom's chief
financial officer. "This credit line will provide us with
flexibility in meeting our cash needs. We have also chosen Silicon
Valley Bank to provide for our general banking needs, including
investment management and lockbox services," concluded Morgan. "We
take pride in our continued relationships with leading technology
companies like Larscom," said Quentin Falconer, senior vice
president, Silicon Valley Bank. "Silicon Valley Bank strives to
provide Larscom, and other emerging and established technology
companies, with creative solutions and diversified financial
services that will help them successfully execute their business
objectives." About Larscom Larscom enables high-speed access by
providing cost-effective, highly reliable (carrier-class), and
easy-to-use network access equipment. In June 2003, Larscom merged
with VINA Technologies to create a worldwide leader in enterprise
WAN access for the delivery of high-speed data, and integrated
voice and data services with the deployment of more than 350,000
systems worldwide. Larscom's customers include major carriers,
Internet service providers, Fortune 500 companies, small and medium
enterprises, and government agencies worldwide. Larscom's
headquarters are in Newark, California. Additional information can
be found at http://www.larscom.com/. About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to
emerging growth and mature companies in the technology, life
sciences and private equity markets, as well as the premium wine
industry. Through its focus on specialized markets and extensive
knowledge of the people and business issues driving them, Silicon
Valley Bank provides a level of service and partnership that
measurably impacts its clients' success. Founded in 1983 and
headquartered in Santa Clara, California, the company serves more
than 9,500 clients across the country through 26 regional offices.
More information on the company can be found at
http://www.svb.com/. DATASOURCE: Larscom Incorporated CONTACT:
Donald W. Morgan of Larscom Incorporated, +1-510-492-0800 Web site:
http://www.larscom.com/
Copyright
Larscom (NASDAQ:LARS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Larscom (NASDAQ:LARS)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Larscom Incorporated (MM) (NASDAQ): 0 recent articles
More Larscom Incorporated (MM) News Articles