Thursday, July 1, 2010

Ramtron Gets $6M Loan

Colorado Springs-based Ramtron, a maker of ferroelectric memory and semiconductor products, said today that it has received a $6.0M loan from Silicon Valley Bank. The firm said the loan will be used to strengthen its working capital position. The financing is on top of the firm's existing, $6.0M line of credit. The company said the four year term loan has a fixed rate of 6.5 percent. The firm said the new capital goes to help fund its current IBM foundry product.