London-based investment bank, ARC Associates advised Sonim Technologies, Inc. on the extension of its €7.96m ($10.3m) revolving credit and mezzanine debt facilities. The original €7m revolving facility was put in place in 2007 and was due to expire in June 2010. The expiry date of the circa €1.0m outstanding mezzanine facilities was extended by a 6 month period to December 2010, and the revolving credit facility was extended to December 2011.
Sonim, www.sonimtech.com, is a leading provider of premium-quality submersible, ruggedised mobile phones designed and engineered specifically for people who work and play outdoors or in industrial environments.
Contact:
ARC Associates
John Allen – Chairman
Ph: 020 7614 4000