WEST SPRINGFIELD, Mass., Aug. 11 Vector-signs-letter WEST SPRINGFIELD, Mass., Aug. 11 /PRNewswire-FirstCall/ -- Cyalume Light Technologies Inc. ("Cyalume"), a private company that is a leading provider of safety, security and training products for the US military and other militaries, and Vector Intersect Security Acquisition Corp. (OTC Bulletin Board: VTRQ), a special purpose acquisition company announced they have signed a commitment letter for a $30 million secured credit facility with TD Banknorth subject to definitive documentation. The agreement is expected to close upon the completion of the merger of Cyalume and Vector though no later than November 30, 2008. The new credit facility will consist of a revolving credit facility of $5 million which matures three years from the closing date, a senior secured term loan...
[read full story]
Your Web Site
