Daily News: January 23, 2014

GSV Enters Into Loan and Security Agreement with SVB

The senior-secured credit facility, among other things, matures on December 31, 2016, and bears interest at a per annum rate equal to the greater of the prime rate plus 4.75% and 8%.

In addition, a fee of $180,000 per annum (1% of the $18 million revolver) is charged under the loan agreement.