R
u
bicon Technology, an advanced electronic materials provider, has announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank.
“
T
h
is undrawn credit facility bolsters Rubicon’
s
strong liquidity position,”
s
aid William Weissman, Chief Financial Officer of Rubicon Technology. “
W
e
believe it is prudent to establish this additional financial flexibility for the future,”
h
e concluded.
Rubicon currently has no debt. The terms and conditions of the credit facility will be described in the company’
s
filings with the Securities and Exchange Commission.