Plantronics’ revolving line of credit borrowings total $50 million

By Marisa Wong

Madison, Wis., April 9 – Plantronics, Inc. has borrowed a total of $50 million under its amended and restated revolving line of credit with Wells Fargo Bank, NA as of April 2, according to an 8-K filing with the Securities and Exchange Commission.

The borrowings were for stock repurchases and for general corporate purposes.

The company recently increased the revolver to $200 million from $100 million, as previously reported.

Santa Cruz, Calif.-based Plantronics makes communications headsets, telephone headset systems and other communication endpoints.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.