Opus Bank has entered into a second credit amendment with Identiv, providing for a waiver of the tangible net worth financial covenant at September 2015 and amending the covenant to reset the base amount to $8 million measured quarterly beginning at the end of the fiscal quarter ending December 31, 2015.

The original agreement, entered into in March 2014, provided for a $10 million term loan and $10 million revolving loan facility.

That first agreement was amended in November 2014 with improved financing terms.

“Opus Bank continues to be a great partner and we appreciate their confidence in the company and our ability to execute our strategic plan,” said Steven Humphreys, Identiv CEO. “This amendment supports the company in its strategy to focus on existing markets and partnerships.”

Identiv is a global security technology company that establishes identity in the connected world, including premises, information, and everyday items.