Parametric Sounds Announces Closing of New $60 Million Credit Facility

Apr 1, 2014 at 12:00am

Parametric Sound Corporation (NASDAQ: PAMT) is pleased to announce that it has entered into a new five year $60 million asset-based revolving credit facility (the “ABL Facility”) with Bank of America. The new credit facility replaces Parametric Sound Corporation’s previous credit facility and will provide improved and expanded funding for both U.S. and European operations.

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