Luna Innovations entered into a new $10 million revolving credit facility with Silicon Valley Bank.
The facility is secured by both tangible and intangible assets and will mature in October 2020. A prior $6 million term loan with SVB matured and was fully paid in May 2019.
“We are pleased to once again extend our relationship with SVB,” said Scott Graeff, Luna president and CEO. “We appreciate that SVB continues to demonstrate their support and confidence in Luna. While we do not currently expect to draw against the revolving credit facility, it provides us with flexibility and access to additional capital should a need arise in the future.”
“Luna Innovations is a leader in fiber optic-based technology,” said Alicia Fuller, managing director, Silicon Valley Bank. “Given the strength of Luna’s balance sheet and underlying business, we are proud to be a lender to such a leading organization.”
Luna Innovations provides unique capabilities in high-performance, fiber optic-based test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries. Luna is organized into two business segments: a technology development segment and a products and licensing segment.
