RGSE RGS Energy Signs Letter of Intent for New $5 Million Loan Facility - SSD will use its best efforts to acquire the Company's existing asset based revolving credit facility (the "Loan") from Silicon Valley Bank on or before December 28, 2015
“We are excited about this new loan facility and expanding our relationship with Solar Solutions and Distribution,” said Dennis Lacey, CEO of RGS Energy. “This new facility will provide us with more favorable terms than our current bank line, including access to more funds through the use of additional collateral and an extended term through March 31, 2017. We expect this new facility to be in place by the end of 2015.”
Rock Solid Development - Strategic Asset Development for a Dominant Future