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Company strengthens balance sheet as RFID demand allows early repayments.
January 4, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. announced the company repaid its term debt with East West Bank and the first of two promissory notes to 21 April Funds ahead of schedule. In early December, Identiv repaid its 12-month, $4.5 million term loan with East West Bank. Subsequently, on Dec. 30, 2020, the company repaid its initial $1.2 million promissory note to 21 April Fund LP. As a result, Identiv strengthened its balance sheet and positioned the company for sustained growth funded from operations. As previously re...
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