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SMTEK Announces New Credit Facility
September 25, 2003 |Estimated reading time: Less than a minute
Moorpark, Calif. — SMTEK International Inc. has entered into a new three-year credit facility agreement with Wells Fargo Business Credit, which replaces the prior facility set to expire on September 25, 2003.
The new facility consists of an asset-based $10 million line of credit, a $1.0 term loan, and a $1.0 equipment line of credit. The company intends to use the new facility, as needed, in continuing its efforts to grow and build the company's business in addition to general working capital needs. SMTEK International Inc. is an electronics manufacturing services provider serving original equipment manufacturers in the industrial instrumentation, medical, telecommunications, security, financial services automation, aerospace and defense industries. For more information, visit www.smtek.com.