California Micro Devices Renews $15 Million Revolving Credit Facility With Silicon Valley Bank
25 Octubre 2005 - 4:05PM
PR Newswire (US)
MILPITAS, Calif., Oct. 25 /PRNewswire-FirstCall/ -- California
Micro Devices (NASDAQ:CAMD) today renewed its $15 million revolving
credit facility with Silicon Valley Bank, the primary, subsidiary
of SVB Financial Group (NASDAQ:SIVBE), for another year. "As
California Micro Devices' primary financial services partner since
2002, Silicon Valley Bank has had the opportunity to see CMD grow
and accomplish its goals from the front lines," said Tom Smith,
senior vice president, Silicon Valley Bank. "We're pleased to once
again support CMD and we take pride in providing the company, and
other leading technology and life science companies in Northern
California and across the country, with the financial services they
require." According to Greg Miller, CMD chief financial officer,
"Silicon Valley Bank is a true business partner that understands
our needs. Since we began our relationship three years ago, we have
received timely financial support that has encompassed equipment
financing, revolving credit facilities and the refinancing of an
industrial revenue bond as well as the opportunity to participate
in the annual SVB Tech Investors Forum." About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to
emerging growth and mature companies in the technology, life
science, private equity and premium wine industries. Through its
focus on specialized markets and extensive knowledge of the people
and business issues driving them, Silicon Valley Bank provides a
level of service and partnership that measurably impacts its
clients' success. Founded in 1983 and headquartered in Santa Clara,
Calif., the company serves clients around the world through 27
domestic offices and two international subsidiaries in the U.K. and
India. More information on the company can be found at
http://www.svb.com/. About California Micro Devices Corporation
California Micro Devices Corporation is a leading supplier of
application specific analog semiconductor products for the mobile
handset, personal computer and digital consumer electronics
markets. Key products include Application Specific Integrated
Passive(TM) (ASIP(TM)) devices and selected high value mixed signal
ICs. Detailed corporate and product information may be accessed at
http://www.calmicro.com/. NOTE: ASIP(TM) and Application Specific
Integrated Passive(TM) are trademarks of California Micro Devices.
All other trademarks are property of their respective owners
DATASOURCE: California Micro Devices Corporation CONTACT: Greg
Miller, Chief Financial Officer of California Micro Devices,
+1-408-934-3144, or Web site: http://www.calmicro.com/
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