Radisys entered into a new and expanded credit agreement with Silicon Valley Bank, which provides the company a revolving loan commitment of $55 million with a stated maturity date of September 19, 2019.

An initial principal amount of $10 million was borrowed under the new agreement, which was used to repay in full the outstanding balance under the previous credit agreement with Silicon Valley Bank and for general corporate purposes. The per annum interest rate under the credit agreement is prime plus 0.25% to 0.75%.

“Our newly expanded credit agreement, which provides an incremental $20 million of working capital availability, better positions us to support expected future growth across our business. More specifically, given the increased working capital requirements tied to our DCEngine products, the expanded credit line will be a contributor to our success in securing and servicing future orders from both new and existing customers,” said Brian Bronson, president and CEO of Radisys.

Radisys software helps communications and content providers, and their strategic partners, create new revenue streams.