Harmonic Inc. announced that it has entered into a new five-year, $160 million committed credit agreement with a lending syndicate led and arranged by Citibank, N.A., co-led by JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC, and includes HSBC and MUFG as additional lenders. The Credit Facility replaces the Company's existing $25 million line of credit with JPMorgan Chase Bank, N. A. The Credit Facility provides for a $120 million secured revolving loan facility, a $40 million secured delayed draw term loan facility, and an option, subject to certain conditions, to request $100 million or more in additional loan commitments under an accordion feature in the Credit Facility.
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