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RVSI, Banks Extend Credit Agreement

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CANTON, Mass., April 27 -- Robotic Vision Systems, Inc. has renegotiated the terms of its credit agreement with a consortium of banks led by the Bank of New York. The new agreement sets the facility at $35.4 million and establishes new covenants for the balance of the term of the agreement, now set to expire in March 2000. RVSI Chief Financial Officer Frank D. Edwards expressed appreciation for the banks' continued support and said the company looks forward to a mutually successful partnership.

Photonics.com
Apr 1999
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