Zagg increases revolver amount to $144.3 million from $125 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 4 – Zagg Inc. amended its credit and security agreement on Wednesday to increase the maximum borrowing amount of the secured revolving credit facility to $144.3 million from $125 million, according to an 8-K filing with the Securities and Exchange Commission.

The increase was effected via an exercise of the credit agreement’s temporary accordion, which has a maturity date of Feb. 28, 2020.

Based in Salt Lake City, Zagg develops accessories for iPods and cell phones.

© 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.