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Stock Market & Financial Investment News

News Breaks
December 3, 2012
08:16 EDTRVLTRevolution Lighting Technologies to acquire Seesmart Technologies for $20M
Revolution Lighting Technologies announced that it has entered into a definitive agreement to acquire Seesmart Technologies in a stock and cash transaction valued at approximately $20M.  The transaction has been approved by both boards and is expected to close by December 31. Under the terms of the agreement, Seesmart will receive approximately 50% of the purchase price consideration in shares of Revolution stock and 50% in cash. 
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August 20, 2014
08:38 EDTRVLTRevolution Lighting enters loan, security agreement with BofA
Revolution Lighting (RVLT) announced that it has entered into a three year loan and security agreement with Bank of America (BAC). The agreement allows Revolution Lighting to borrow up to $25M on a revolving basis. Borrowings under the agreement are determined on specified percentages of eligible receivables and inventory, and bear interest either on the base rate plus specified margins or at LIBOR plus specified margins, at the election of Revolution Lighting. The loan provides Revolution Lighting with favorable interest rates with an initial interest rate of 3%. The agreement contains customary covenants and restrictions typical of these agreements.

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