OmniVision repays, ends loan agreement as it anticipates being bought

By Wendy Van Sickle

Columbus, Ohio, Nov. 24 – OmniVision Technologies, Inc. on Friday repaid all amounts owed under and terminated its loan and security agreement dated March 16, 2007 with Citibank, NA, according to an 8-K filed with the Securities and Exchange Commission.

The agreement was repaid and terminated in connection with the company getting all necessary approvals from governmental authorities in Taiwan for its proposed acquisition by a consortium composed of Hua Capital Management Co. Ltd., Citic Capital Holdings Ltd. and GoldStone Investment Co. Ltd. OmniVision expects the acquisition to close in the fourth quarter of fiscal year 2016.

OmniVision is a Santa Clara, Calif.-based developer of advanced digital imaging solutions.

© 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.