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Globecomm Increases Existing Credit Facility To $20 Million

By Staff Writer | November 14, 2005

Globecomm Systems Inc. said Nov. 11 it entered into a loan modification agreement with Silicon Valley Bank to increase Globecomm’s existing working capital line of credit from $16.5 million to $20 million. The line of credit supports outstanding letters of credit, bid proposals and performance guarantees.

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