Wireless Distributor Receives Credit Facility Increase from Bridge Capital
[Satellite TODAY 08-06-10] Bridge Capital Holdings subsidiary Bridge Bank has increased its existing credit facility loan to The Brix Group from $12 million to $16 million, Bridge Bank announced Aug. 6.
Brix Group, based in Campbell, Calif., is a distributor and value-added integrator in the wireless communications and commercial vehicle industries. Earlier in 2010, the company separated the divisions into separate companies, Pana Pacific Corp. and Brix Exclusive. Recently, American Wireless created American Wireless Business Solutions to focus entirely on providing business-to-business solutions to the mobile communications industry.
“Our subsidiary companies are both performing exceptionally well and their growth has provided us with the opportunity to reinvest in our business. We are guardedly optimistic on the [business-to-business] markets and feel that with our strong financial position we can take advantage of unique opportunities in the market,” Brix Group CEO David Shapiro said in a statement.