CNET también está disponible en español.

Ir a español

Don't show this again

Christmas Gift Guide
Tech Industry

Short Take: SyQuest hits credit crunch

SyQuest is hitting a credit crunch, according to a recent Securities and Exchange Commission filing. A SyQuest lender has cut its line of credit from $30 million to $10.45 million, due to falling out of compliance with its lending requirements. Investors appear reluctant to extend $13 million in financing unless the company can secure additional substantial lines of credit or debt financing, according to the filing.

SyQuest is hitting a credit crunch, according to a recent Securities and Exchange Commission filing. A SyQuest lender has cut its line of credit from $30 million to $10.45 million, due to falling out of compliance with its lending requirements. Investors appear reluctant to extend $13 million in financing unless the company can secure additional substantial lines of credit or debt financing, according to the filing.