Cepheid Inks $15M Credit Line | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Cepheid said that it has entered into a loan and security agreement with Silicon Valley Bank, providing the firm with a revolving credit line of up to $15 million.

The credit line has a maturity date of June 7, 2012 and bears an interest rate "equal to SVB's most recently announced prime rate … but in no case less than" 4 percent, the firm said in a filing this week with the US Securities and Exchange Commission.

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