Cerberus Upsizes Avid Technology Facility to $150MM

Avid Technology amended its credit facility, increasing the term loan from $105 million to $127.5 million and the revolver from $10 million to $22.5 million. Cerberus Business Finance served as administrative agent on the transaction.

Cerberus Agents $105MM Facility for Avid Technology

Avid Technology Worldwide entered into a $105 million financing agreement with Cerberus Business Finance as collateral and administrative agent.

Wells Fargo Capital Finance Amends Avid Revolver

Avid Technology said it entered into an amendment to its revolving credit agreement with Wells Faro Capital Finance, as lender and administrative agent, that changed the maximum amount available under each of its facilities.