"If I have not seen as far as others, it is because giants were standing on my shoulders." -- Hal Abelson
Wednesday, May 14, 2008
Silicon Valley Bank grants default waiver to solar company (SPIR)
From the San Jose Business Journal:
Spire Corp., which makes equipment for the solar industry, said it recently violated bank loan covenants, but avoided default after receiving a waiver from Silicon Valley Bank.
The Bedford, Mass.-based company (NASDAQ:SPIR) discussed the action in a filing with the Securities and Exchange Commission on Wednesday. The company's borrowings on a line of credit was about $2.6 million....MORE