Daily News: January 4, 2013

Silicon Valley Provides Rubicon $25MM Revolver


Rubicon Technology announced the closing a three-year $25 million secured revolving credit facility with Silicon Valley Bank.

“This undrawn credit facility bolsters Rubicon’s strong liquidity position,” said William Weissman, CFO of Rubicon Technology. “We believe it is prudent to establish this additional financial flexibility for the future,” he concluded.

Rubicon currently has no debt. The terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.

Rubicon Technology is an electronic materials provider that develops, manufactures and sells monocrystalline sapphire and other crystalline products for light-emitting diodes, radio frequency integrated circuits, blue laser diodes, optoelectronics and other optical applications.